When Electronic Arts posted last quarterly results in July beating earnings estimates, top franchise titles such as Fifa Online, SimCity, The Sims, and Battlefield, performed well.
On Sep 5, EA launched NBA Live Mobile on Sep 5 and it is expected to add to the growing mobile revenues, which make about 20% of total revenues. Revenues from mobile soared 37% to $231 million in the last quarter.
The new releases of NBA LIVE 19 and NHL 19 in the second quarter is also expected to add to the revenues.
But EA has kept its earnings estimates for the whole year the same, hinting an expecting drop in the coming quarters.
Adding to it, EA posted slowing mobile revenue growth, especially when the global mobile games market is growing at least 25% annually. Rival Activision Blizzard (ATVI), however, seemed to have capitalized on the market trend.
Long-term investors of EA are likely to wait for the quarterly results on Monday, especially to the balance sheet.