EA Stock Capsizes After Early Year Recovery


Electronic Arts closed on February 6, 2019 at the price of $80.21 USD following news that the publisher’s third quarter fiscal results did not perform to its expectations. The continued price drop threatens to wipe out the progress that EA had made in the first month of the year to begin recovery after its stock dropped to a low of $74.72 on December 24, 2018 following ten years of sustained growth that saw its stock peak at nearly $150 in July 2017 before steadily shedding much of that value over the following six months.

Since last December the stock price has been slowly inching its way back up, breaking $90 by January 10 and holding steadily for the past month. With the announcement that EA would miss its estimated revenue by approximately $140 million, at $1.61 billion for the quarter versus $1.75 billion, shares immediately dropped from $92.52 on February 5 to $79.26 on February 6.

EA CEO Andrew Wilson stated acknowledged that EA did not perform as he hoped, owing partially to the underperformance of Battlefield V.

“Q3 was a difficult quarter for Electronic Arts and we did not perform to our expectations. We are now applying the strengths of our company to sharpen our execution and focus on delivering great new games and long-term live services for our players. We’re very excited about Apex Legends, the upcoming launch of Anthem, and a deep line-up of new experiences that we’ll bring to our global communities next fiscal year.”

 

[NM] PSA: How To (Possibly) Fix Battlefield V’s Tides of War Progression


This week Battlefield V released the Tides of War, the first chapter in what will be a seasonal event similar to season passes in other titles but without the extra fee. Week 1 runs from December 5 to December 12 and rewards a medium machine gun for completion, the VGO. Since this is a Battlefield game, you may have noticed that this feature has launched in a rather buggy state. Many players are noting that various challenges are simply not functioning, specifically the final task of getting one kill with a stationary vehicle.

MMO Fallout has discovered a possible workaround that should fix this for many (your mileage may vary) of you. It looks like most of the progress-stopping bugs can be fixed by specifically playing on the map Arras. I was able to test other maps and couldn’t get any kills to register the task, but one kill with the stationary machine gun on Arras and the task was complete.

Again, your mileage may vary. In many cases it appears that the other tasks down the line are simply not registering until they miraculously start for no rhyme or reason.

[NM] Battlefield V Hit By Disappointment Bug, 50% Off One Week After Launch


How much does Electronic Arts value $30? One week of play time.

Hopefully those of you out in the netosphere didn’t put too much investment into your $60 Battlefield V purchase. In addition to having to wait over a week compared to the Origin Premier subscribers to get into the game, early adopters will need to come to peace with the knowledge that other people are getting a much better deal just seven days later. Target must be seeing the effects of EA’s “don’t like it, don’t buy it” campaign, because they are already discounting Battlefield V on Xbox and Playstation down to $30 just one week after the official launch date. Best Buy meanwhile has dropped its price down to $39.99 with Wal Mart undercutting them by 11 cents at $39.88. Incidentally the only major US store showing enough faith to keep the game at full price is Gamestop.

Is Battlefield V floundering? Sources say…possibly. Eurogamer posted a story this week that Battlefield V physical sales are down more than half over Battlefield 1. It seems unlikely that Target would be effectively putting the game on clearance price a week after launch if sales were as good as they normally are for Battlefield titles.