Shares of Electronic Arts (NASDAQ: EA) fell 9% on Wednesday after the video game maker delivered lackluster financial results that were weighed down by game delays and production challenges.
EA's revenue rose 5% year over year to nearly $1.9 billion in its third fiscal quarter ended Dec. 31. The gains were driven in part by strong sales of its popular soccer game FIFA 23 , which is on track to be the best-selling title in franchise history.
Notably, EA's player network topped 650 million by the end of December.
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Why Electronic Arts Stock Dropped Today