Electronic Arts announced preliminary results for the third quarter of fiscal year 2025 and revised its fiscal year outlook due to underperformance in key franchises.

EA initially expected mid-single-digit growth in live services net bookings for fiscal year 2025. However, the company now anticipates a mid-single-digit decline, driven by a slowdown in its Global Football franchise, which had previously experienced consecutive years of double-digit growth. Dragon Age also underperformed, with only 1.5 million players during the quarter, nearly 50% below expectations.

For Q3 FY25, EA estimates net bookings of approximately $2.215 billion, GAAP net revenue of approximately $1.883 billion, and GAAP diluted earnings per share of $1.11. For FY25, EA expects net bookings between $7 billion and $7.15 billion.

Andrew Wilson, CEO, acknowledged the challenges with underperforming franchises but expressed confidence in EA’s long-term strategy, anticipating a return to growth in FY26. Stuart Canfield, CFO, emphasized a focus on balancing future investments with operational discipline, expecting growth through the launch of major franchises in FY26.

EA will release full Q3 FY25 results on February 4, 2025, followed by a conference call at 2:00 PM PT. Access details for the webcast and replay are available at EA's investor relations website.

EA’s statements include forward-looking projections based on current information, which may differ from actual results. Risks and uncertainties are outlined in EA’s recent SEC filings, including its Form 10-Q and 10-K.

Electronic Arts is a leading developer and publisher of digital interactive entertainment, with a portfolio that includes popular franchises like EA SPORTS FC, Battlefield, Apex Legends, and The Sims. In fiscal year 2024, EA reported approximately $7.6 billion in GAAP net revenue.