Electronic Arts (NASDAQ: EA) isn't performing at the high level that investors have been used to seeing over the past few years. The video game company recently announced a surprising decline in its core growth metric despite having released several highly anticipated titles.
Executives signaled that the tough demand environment will continue into 2023 as well, so they took moves to cut costs and delay a few launches.
The fiscal third-quarter report sent shares lower, although the stock has roughly kept pace with the S&P 500's 10% decline in the past year. With that big picture in mind, let's look at the prospects for this leading video game developer's stock in 2023.
Source Fool.com