Electronic Arts Inc.
EA Updates Q3 Results and FY2025 Outlook
Summary
Electronic Arts Inc. announced preliminary results for its third fiscal quarter ended December 31, 2024, and updated its outlook for fiscal year 2025. The company now expects a mid-single-digit decline in live services net bookings for the fiscal year, driven by a slowdown in its Global Football franchise and lower-than-expected engagement for Dragon Age. EA expects Q3 net bookings of approximately $2.215 billion and an FY2025 range of $7.000 billion to $7.150 billion. GAAP net revenue is expected to be approximately $1.883 billion with diluted earnings per share of $1.11.
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About Electronic Arts Inc.
Electronic Arts Inc. is a prominent video game company that develops, publishes, and distributes a wide range of gaming products globally. Known for its engaging interactive entertainment, Electronic Arts creates games across various platforms, including console systems, mobile devices, and personal computers. Some of its well-known franchises include "FIFA," "Madden NFL," "The Sims," and "Battlefield," which have garnered dedicated fanbases and significant market presence. Serving a diverse audience, Electronic Arts leverages advanced technology and creative storytelling, impacting the media and entertainment sector significantly. It addresses multiple genres and interests, ranging from sports simulations and role-playing adventures to strategic and action-packed engagements. In the financial market, Electronic Arts is recognized for its robust intellectual property portfolio, consistent innovation, and strategic acquisitions that enhance its gaming catalog and market reach. Headquartered in Redwood City, California, Electronic Arts plays a crucial role in shaping digital entertainment experiences worldwide, contributing significantly to both the creative and economic dimensions of the gaming industry. It is a key player influencing trends within the sector, continually adapting to evolving consumer preferences and technological advancements.
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