Key Takeaways

Electronic Arts ( EA ) shares are tumbling in premarket trading Thursday, a day after slumping demand for its EA SPORTS FC 25 video game prompted the company to cut its outlook.

In preliminary results announced late Wednesday, the company projected fiscal third-quarter net bookings to be $2.22 billion. It previously had forecast Q3 net bookings of $2.4 billion to $2.55 billion, while analysts polled by Visible Alpha expected $2.44 billion.

EA also cut its fiscal 2025 net bookings forecast to a range of $7 billion to $7.15 billion, down from $7.5 billion to $7.8 billion.

EA SPORTS FC 25, Dragon Age Underperform

EA said its Global Football segment, which features the EA SPORTS FC franchise, "experienced a slowdown as early momentum in the fiscal third quarter did not sustain through to the end." The segment had posted consecutive fiscal years of double-digit net bookings growth.

In addition, EA—which is set to announce its final third-quarter results on Feb. 4—said its Dragon Age franchise "engaged approximately 1.5 million players during the quarter, down nearly 50% from the company's expectations."

EA shares had risen 3% over the past 12 months entering Thursday.

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