Summary
This Form 8-K filing from Electronic Arts Inc. (EA) on October 22, 2013, announces revised release dates for two highly anticipated video game titles: Titanfall and The Sims 4. Titanfall, developed by Respawn Entertainment and published by EA, has been moved forward to a March 11, 2014 release in North America and March 13, 2014 in Europe, from its previously anticipated release after March 31, 2014. Conversely, The Sims 4, originally slated for release before March 31, 2014, has been rescheduled for a fall 2014 launch. Importantly for investors, EA states that these release date adjustments are not expected to impact the company's fiscal year 2014 non-GAAP guidance for revenues or earnings, indicating confidence in managing these shifts without affecting near-term financial performance. The filing also includes standard forward-looking statement disclaimers, advising investors of inherent risks and uncertainties that could lead to actual results differing from management's current expectations.
Key Highlights
- 1Revised release date for "Titanfall" set for March 11, 2014 (North America) and March 13, 2014 (Europe).
- 2Release of "The Sims 4" has been rescheduled to fall 2014.
- 3EA anticipates no impact on fiscal year 2014 non-GAAP revenue and earnings guidance due to these release date changes.
- 4The "Titanfall" release is being moved up from its previously expected date after March 31, 2014.
- 5"The Sims 4" release is being pushed back from its previously expected date before March 31, 2014.
- 6The filing includes standard cautionary statements regarding forward-looking information and potential risks.