CC cited some higher expenses but the main reason is simply the delay of several releases. Some were strategic and some are games weeks. The revs are still there, but will be realized a qtr later. Very positive CC. DH16 in a month. EW got pushed back til October. One of the celeb games is being push back a qtr for strategic reasons. We all have seen the upward revs from KK, RR and TAP BB, but some newer game revs are being pushed back because of release delays. Nothing is fundamentally wrong financially. Do yourselves a favor and listen to the conf call.
Very simply, several game releases are being pushed back, so some expected second half revs won't occur until 1st qtr 2016. To a lesser extent there were also some higher CAPEX expenses. Push back of games was explained in CC as sometimes strategic and others to tweak.