Revenue and bookings dip at EA for Q3
Electronic Arts reported year-on-year declines in both revenue and net bookings for the quarter ending December 2024.
The US publishing giant brought in $1.88 billion in revenue for the period, a three per cent dip year-on-year, while net bookings dropped six per cent to $2.22 billion.
Speaking to investors, CEO Andrew Wilson admitted his disappointment in EA's financial results for the period. The fact that the company wasn't going to hit its targets was trailed last month, when the firm revised its fiscal targets due to both EA Sports FC 25 and Dragon Age: The Veilguard not hitting its expectations.
"Our relentless focus on execution and delivery ensures we continue to bring incredible sports experiences and blockbuster entertainment to hundreds of millions of players and fans around the world," Wilson said.
"However, it was not the financial performance we wanted or expected. We know as a leader in global entertainment, great titles, even when built and delivered with polished execution can sometimes miss our financial expectations."
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