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EA
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209 days

EA shares drop 7% after company lowers guidance due to weakness in soccer, other games

1. EA revised its full-year bookings down to $7-$7.15 billion. 2. Shares dropped 7% post-announcement, signaling investor concerns. 3. EA Sports FC underperformed, with year-over-year sales expected to decline. 4. Dragon Age saw 1.5 million players, missing expectations by nearly 50%. 5. Live services also projected to decline, affecting revenue outlook.

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FAQ

Why Very Bearish?

The downgrade in revenue expectations and underperformance of key franchises can lead to persistent sell pressure, similar to EA's past response after disappointing earnings reports.

How important is it?

The article directly impacts EA’s financial forecasts and stock performance due to significant revisions and poor game performance.

Why Short Term?

The immediate market reaction is expected to affect EA's stock price before the next earnings report.

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