'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate

Core Insights - Electronic Arts (EA) has projected fiscal 2026 net bookings to be below analysts' expectations due to soft consumer spending and high console prices impacting demand in a competitive market [1] Company Summary - EA's forecast indicates a challenging environment for the gaming industry, with consumer spending trends negatively affecting revenue projections [1] - The elevated prices of gaming consoles are contributing to decreased demand for EA's products, highlighting a potential barrier to growth [1] Industry Summary - The gaming industry is currently facing fierce competition, which is exacerbating the impact of soft consumer spending and high console prices on demand [1] - Analysts are likely to reassess their expectations for the industry as a whole in light of EA's forecast and the broader economic conditions affecting consumer behavior [1]