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The videogame publisher is struggling with slowing spending as high inflation tempers discretionary spending. Total U.S. video game sales fell 5% to $4.63 billion in the month of March from a year earlier, according to data from market research firm Circana.
Fourth-quarter adjusted sales stood at $1.39 billion, compared with Wall Street’s estimate of $1.34 billion, according to Refinitiv IBES data.
The company said it expects full-year adjusted sales between $5.45 billion and $5.55 billion. Analysts expect $6.07 billion, according to Refinitiv data.
