February 4, 2025 1:46 PM
Image Credit: Electronic Arts
As the big video game publisher warned, Electronic Arts reported weak earnings today for the holiday quarter, with results hurt by muted sales of its Dragon Age: Veilguard and global football (soccer) games.
EA’s stock was up 1.44% to $123 a share in after-hours trading. Net bookings for the quarter were $2.215 billion, down 6% from $2.366 billion a year earlier. Net revenue was $1.883 billion, down from $1.945 billion a year earlier.
Net cash from operating activities was $1.176 billion for the quarter. EA plans for an accelerated stock repurchase program of $1 billion, which is expected to bring total stockholder return to $2.5 billion within the first year of the $5 billion authorization.
EA preannounced weak earnings for the third-fiscal quarter ended December 31, and it also warned that fiscal year 2025 anticipated mid-single-digit growth in live services net bookings. However, the company reported a mid-single-di...