Summary
Electronic Arts Inc. (EA) filed an 8-K on March 19, 2014, to disclose a delay in the release of the highly anticipated game, Titanfall, for the Xbox 360 console. The game's release has been pushed back to April 8, 2014, in North America and April 11, 2014, in Europe. This delay is specifically for the Xbox 360 version, with no mention of other platforms in this disclosure. Despite the release date shift for Titanfall on Xbox 360, EA stated that these changes are not expected to impact their non-GAAP guidance for fourth-quarter fiscal year 2014 revenues or earnings. This suggests management's confidence in other revenue streams or that the financial impact of this specific delay is already accounted for within their existing projections. Investors should monitor future updates for any potential impact on sales figures.
Key Highlights
- 1Titanfall's Xbox 360 release delayed to April 8, 2014 (North America) and April 11, 2014 (Europe).
- 2The delay is specific to the Xbox 360 version of the game.
- 3EA does not anticipate the delay will affect its Q4 FY14 non-GAAP revenue guidance.
- 4EA does not anticipate the delay will affect its Q4 FY14 non-GAAP earnings guidance.
- 5The disclosure was made via a blog post on EA's official website and attached as an exhibit.
- 6The report includes standard forward-looking statement disclaimers, highlighting inherent business risks and uncertainties.