EA forecasts quarterly bookings below expectations on cautious gamer spending
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Electronic Arts forecast net bookings below Wall Street expectations on Tuesday, pressured by uncertain consumer spending on its core sports portfolio amid a challenging economic environment. Shares of the company fell more than 2 per cent in extended trading. With shifting U.S. trade policies threatening to push inflation higher, gamers have become more cautious with discretionary spending. EA said the second-quarter bookings forecast includes a four percentage point year-over-year headwind ,
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