EA, Take-Two boost sales view as gaming boom going strong

September 29, 2022

California-based EA's shares shot up nearly 3% in extended trading as it also reported an over twofold jump in quarterly adjusted sales, beating expectations thanks to a clutch of strong titles including "Apex Legends" and "Madden NFL 22". Take-Two raised its annual adjusted sales outlook to between $3.3 billion and $3.4 billion, citing strong demand for its key franchises "Grand Theft Auto V", "NBA2K" and "Red Dead Redemption 2." EA forecast full-year adjusted sales of $7.63 billion, compared with $7.40 billion previously. On the other hand, rival Activision Blizzard (ATVI.O) on Tuesday forecast quarterly adjusted sales below expectations and put off the launch of two much-awaited titles. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Tiyashi Datta and Nilanjana Basu in Bengaluru; Editing by Aditya Soni and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

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