(RTTNews) - Electronic Arts Inc. (EA) Wednesday lowered its bookings outlook for the full year 2025.
EA now expects net bookings of about $2.215 billion for the third quarter and an updated range of $7.000 billion to $7.150 billion for fiscal year 2025.
For its third quarter, EA now expects net revenue to be approximately $1.883 billion and approximately $1.11 in earnings per share.
EA's initial guidance for fiscal year 2025 anticipated mid-single-digit growth in live services net bookings. However, the company now projects a mid-single-digit decline, with Global Football accounting for the majority of the change.
"During Q3, we continued to deliver high-quality games and experiences across our portfolio; however, Dragon Age and EA SPORTS FC 25 underperformed our net bookings expectations," said Andrew Wilson, CEO of EA. "This month, our teams delivered a comprehensive gameplay refresh in addition to our annual Team of the Year update in FC 25; positive player feedback and early results are encouraging. We remain confident in our long-term strategy and expect a return to growth in FY26, as we execute against our pipeline."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
