Electronic Arts shares rose 2.2% in premarket trading on reaffirmed guidance despite Battlefield 2042 delay, be concerned but not worried says analyst.
Shares of Electronic Arts closed down 5.7% Wednesday on rumors Battlefield 2042 will be delayed. However, shares are trading around 2.2% higher in premarket trading confirming the news but still keeping the launch this year. The company is also reiterating its net bookings guidance despite the delay.
Earlier today, multiple sources started talking about a Battlefield 2042 delay being announced soon, which had October 22 set as its official launch date.
After the close, EA confirmed that the Battlefield 2042 launch will be delayed but by less than a month. The new launch date is November 19, 2021.
EA is reiterating its net bookings guidance for fiscal year 2022, despite this change in the launch date for Battlefield 2042.
DICE Studio GM Oskar Gabrielson shared the following message with the Battlefield fan community:
We’ve made the decision to shift the launch of Battlefield 2042. The game will now be released worldwide on November 19th, 2021.
Building the next generation of Battlefield during a global pandemic has created unforeseen challenges for our development teams. Given the scale and scope of the game, we had hoped our teams would be back in our studios together as we move towards launch. With the ongoing conditions not allowing that to happen safely, and with all the hard work the teams are doing from home, we feel it is important to take the extra time to deliver on the vision of Battlefield 2042 for our players.
Your enthusiasm for the game has been very inspiring. We believe in the game we’re making, and we thank you for your patience as we put some finishing touches into the experience.
Updates on the Open Beta will be coming later this month.
Oskar Gabrielson & the Battlefield 2042 Development TeamStudio GM, DICE
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