Electronic Arts (NASDAQ:EA) reported mixed fourth-quarter results compared to analyst expectations.
The company's bookings, a key revenue measure in the gaming industry, amounted to $2.37 billion. This figure fell slightly short of the analysts' estimate of $2.39 billion.
Revenue for the quarter came in at $1.95 billion, while analysts were looking for as much as $2.4 billion. EA also reported an adjusted profit of $2.96 per share, which was higher than the estimated $2.93 per share.
EA stock fell 1% on the news.
“Our incredible teams delivered a strong Q3, entertaining hundreds of millions of people across our portfolio, driving deep engagement and record live services,” said Andrew Wilson, CEO of EA.
“We remain focused on growing our biggest franchises and delivering new, innovative games and experiences for our global communities.”
The company also revised its profit forecast upwards, now expecting it to be in the range of $4.21 to $4.68 per share. This is a slight increase from its previous forecast, which predicted annual profits to be between $4.10 and $4.66 per share.