Apex Legends.

The DeanBeat: Wall Street hates game companies again. How dumb!

Electronic Arts saw its stock price fall off a cliff this week as it acknowledged in an earnings call that Battlefield V didn’t sell as well as expected in the holiday quarter. One of the reasons was that it didn’t compete as well with other games, like Red Dead Redemption 2, which sold-in to retailers 23 million copies in its debut quarter.

But when Take-Two Interactive, whose Rockstar Games label created Red Dead Redemption 2, reported its earnings on Wednesday, its stock price fell 13 percent. That didn’t make a lot of sense, and it was logical that Take-Two’s stock bounced back a bit on Thursday. Zynga did well in its earnings report, and it saw its stock price rise after it reported break-even results on Wednesday.

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Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.