Electronic Arts is living well on live services. It didn’t have a major game launch during the first fiscal quarter that ended June 30, but it still beat analysts estimates for both revenues and earnings during this period.
The reasons have to do with ongoing revenue from existing games such as Battlefield 1, FIFA 17, Star Wars: Galaxy of Heroes, and The Sims (which saw a surge of players). The story isn’t so different from companies like Take-Two Interactive, which expects to have a good year even though it delayed its major release, Red Dead Redemption, until next year. Analyst Michael Pacther at Wedbush Securities said the results were in-line with expectations, with a slight upside to the earnings results.
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