On January 22, 2025, after the close of trading, EA announced its preliminary results for the third fiscal quarter and a revised outlook for the fiscal year ending March 31, 2025. Specifically, EA revealed that the “initial guidance for fiscal year 2025 anticipated mid-single-digit growth in live services net bookings[.] However, the company now projects mid-single-digit decline, with Global Football accounting for the majority of the change.” EA also disclosed that another game, Dragon Age, had only “engaged approximately 1.5 million players during the quarter, down nearly 50% from the company’s expectations.”
Following this news, the price of EA stock declined $23.77 per share, or nearly 17%, to close at $118.58 per share on January 23, 2025.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.