From CNBC: 2025-01-23 11:37:25

Electronic Arts (EA) will cut 6% of its 13,000 person workforce, with shares dropping 19% to $115.86 after cutting full-year bookings guidance, citing challenges with its soccer franchise. For the fiscal third quarter, EA expects $2.215 billion in net bookings, with underperformance in “Dragon Age” and EA Sports FC franchise. Global Football sales are expected to decline, leading to a shortfall in live services revenue for fiscal 2025. The company will release full third-quarter results on Feb. 4.



Read more at CNBC:: EA shares plunge 19%, on track for worst day since dot-com bubble