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Electronic Arts lowers full-year guidance, stock price falls about 9% after hours

Wallstreetcn
Jan 22, 2025 at 09:11 PM

Electronic Arts' preliminary estimate for net bookings in the third fiscal quarter is $2.22 billion, while analysts expected $2.51 billion.

In the third fiscal quarter, global football event sales revenue declined.

The company expects full-year net bookings to be between $7 billion and $7.15 billion, down from the previous estimate of $7.5 billion to $7.8 billion.

The company anticipates that the decline in live service bookings for the full year will be in the mid-range of 0% to 10%.

The company is expected to resume growth in fiscal year 2026.

Electronic Arts (EA) shares fell 8.7% in after-hours trading

Source: Wallstreetcn The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

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