FILE PHOTO: An Electronic Arts (EA) video game logo is seen at the Electronic Entertainment Expo, or E3, in Los Angeles, California, United States, June 17, 2015. REUTERS/Lucy Nicholson/File Photo
(Reuters) – Electronic Arts Inc posted better-than-expected quarterly revenue on Tuesday, riding on the strength of its latest battle royale sensation, “Apex Legends”, but its sales forecast for the current quarter fell short of estimates.
EA said it expects first-quarter adjusted revenue of $690 million, well below analysts’ estimates of $807.8 million. Its full-year adjusted revenue forecast of $5.10 billion was also below estimates of $5.16 billion.
Game franchises such as “Battlefield” and “FIFA” are among the company’s most iconic, but the rapid rise of online, free-to-play games with engaging formats are challenging the dominance of