Electronic Arts fell 17.45% to $117.51 on the New York stock exchange. The video game giant announces that it has lowered its forecasts for 2025, citing the weakness of certain sports games. “Dragon Age and EA Sports FC 25 failed to meet expectations,” said CEO Andrew Wilson. The video game publisher, in its preliminary results released Wednesday, said it expected net revenue of about $2.22 billion in the third quarter, which is below the range of $2.4 billion to $2.55 billion it previously forecast.
Analysts on average expected $2.51 billion.
EA forecast earnings of $1.11 per share, in line with estimates. The American firm previously expected earnings per share of between 85 cents and $1.02.
“During the third quarter, we continued to deliver high-quality games and experiences across our portfolio. However, Dragon Age and EA Sports FC 25 did not meet our net bookings expectations (= revenue),” said Andrew Wilson, CEO of EA.
For the 2024/2025 financial year, the group now envisages net bookings ranging from 7 to 7.15 billion dollars, compared to 7.5 to 7.8 billion dollars previously and 7.7 billion consensus.
-Electronic Arts remains “confident in its long-term strategy and expects a return to growth in fiscal 2026.”
The company will present its results for the third fiscal quarter on February 4.
Tech
