EA Raises Bookings Forecast on Strong Sales of Sports Titles

Electronic Arts Inc. (EA) has raised its bookings forecast for the fiscal year 2023, citing strong sales of its sports titles, including FIFA 23 and Madden NFL 23.

The company now expects bookings to be in the range of $7.9 billion to $8.1 billion, up from its previous forecast of $7.5 billion to $7.8 billion.

EA attributed the increase in its bookings forecast to the strong performance of its sports titles, which have been boosted by the addition of new features and content.

FIFA 23, in particular, has been a major success for EA, with the game selling over 10 million copies worldwide. The game has been praised for its realistic gameplay and graphics, as well as its deep and engaging career mode.

Madden NFL 23 has also been a strong performer for EA, with the game selling over 5 million copies worldwide. The game has been praised for its improved gameplay, as well as its new features, such as the "Face of the Franchise" mode.

EA's strong sales of its sports titles have helped to offset the weaker performance of some of its other games, such as Battlefield 2042. The game was met with mixed reviews from critics and players, and its sales have been disappointing.

Despite the weaker performance of Battlefield 2042, EA remains confident in its ability to deliver strong financial results in the fiscal year 2023. The company has a strong lineup of games planned for release in the coming months, including Star Wars Jedi: Survivor and Dead Space Remake.

EA's raised bookings forecast is a positive sign for the company and its investors. The company's strong sales of its sports titles show that it is still a major player in the video game industry.