Thursday, August 30, 2018

Battlefield V Delay Hurts EA Stock Price

Electronic Arts' stock price sees sinks after developer DICE delays the release of upcoming Battlefield V.

When general manager Oskar Gabrielson of developer EA DICE announced earlier that their upcoming first-person shooter game Battlefield V has been delayed back to November 20 from previously scheduled October 19 for making some adjustment they thought necessary following the Closed Beta program, reactions has been mixed among the gaming community.

However, this one month delay has apparently caused a sudden drop at the stock price of publisher Electronic Arts.

battlefield 5 delay ea stock drop
Battlefield V Delay Hurts EA Stock Price

RELATED: Battlefield V Delayed to November

In most cases, when a game is delayed for a month or two, it actually means good in terms of the studio having more time to polish the game before launch. Gabrielson stated that DICE will take this extra time to make some final adjustments to B5 gameplay and their newly introduced Tides of War live service.

While this one will offer players an immersive experience of war from an all-new perspective, several new events will be arranged later for the whole community to enjoy together.

RELATED: Battlefield V – Devastation of Rotterdam – Gamescom Trailer

Regardless of what they want the public to believe, EA was carefully moving their release window for Battlefield V from competing with other titles like rival title Call of Duty: Black Ops 4 and Red Dead Redemption 2.

While this may not upset players much because they are only a few days away from Open Beta on September 6, their sales projections for this fiscal year are lowered as a result of this move. An expected net booking of $5.55 billion has reduced to $5.2 billion, says CNBC.

RELATED: Battlefield V Won't Have Premium Pass

By Thursday morning, EA's shares have dropped down to almost 10 percent upon the month-long delay announcement. Analysts suggested a weak sales number for the crowded window of October, which has impacted to the decision that led to a price drop of stocks.

The current release date will only have BV competing against Bethesda's Fallout 76 when it launches on PC, PlayStation 4 and Xbox One. So, as they take this hit right now, it may help them in long run to sell more copies.