The soon-to-be-privately-held Electronic Arts saw its sales fall 13% year over year during the July-September quarter, according to the video game giant’s latest earnings results.
Along with the issuing of the financial details Tuesday, the maker of “Madden NFL,” “Battlefield,” “The Sims” and “Apex Legends” said it will forgo its usual quarterly Q&A call between analysts and EA leadership and will no longer be issuing forward-looking financial guidance.
The choice is attributed to EA’s pending $55 billion deal to be taken private by investors including the Saudi Arabia Public Investment Fund, Jared Kushner’s Affinity Partners and Silver Lake Group, which was announced Sept. 29 and is on track to be completed by next spring, subject to closing conditions.
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