Inside The 2015 E3 Electronic Entertainment Expo
Andrew Wilson, CEO of Electronic Arts. Jonathan Alcorn/Bloomberg via Getty Images

Electronic Arts Doesn’t Have a Bright Outlook for the Holiday Season

Nov 01, 2016

Video-game publisher Electronic Arts's revenue forecast for the key holiday-shopping quarter was slightly below analysts' estimates, amid expectations of heavy competition from other games releasing around the same time.

EA forecast adjusted revenue of about $2.04 billion for the current quarter, at the start of which it launched the highly anticipated Battlefield 1 and Titanfall 2 shooter games.

Analysts on average were expecting revenue of $2.08 billion, according to Thomson Reuters (tri).

EA's (ea) shares fell 3.5% to $75.10 in extended trading on Tuesday.

Activision Blizzard's (atvi) Call of Duty: Infinite Warfare and Ubisoft Entertainment (ubi.soft) Watch Dogs 2 have not launched yet, but are expected to launch this quarter.

That may prompt EA to be conservative with its outlook, Wedbush Securities analyst Michael Pachter said in a pre-earnings note.

EA's adjusted revenue was $1.10 billion in the second quarter ended Sept. 30. Analysts on average were expecting $1.09 billion.

Get Data Sheet, Fortune’s technology newsletter

FIFA 17, the newest version of EA's top-selling soccer franchise, debuted at the end of September, towards the end of the second quarter, pushing about $75 million in digital revenue to the third quarter.

Sales from EA's digital business rose 12.7% to about $566 million in the second quarter.

The company said its loss for the period narrowed to $38 million, or 13 cents per share, from $140 million, or 45 cents per share, a year earlier.

Starting from the latest quarter, EA has stopped reporting non-GAAP measures that adjust for deferred revenue, as it has done since fiscal 2008, to comply with stricter guidelines by the U.S. Securities and Exchange Commission.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions