Weak Performance for ‘Dragon Age: The Veilguard,’ ‘EA Sports FC 25’ Drags Down EA’s Latest Quarterly Earnings and Full-Year Outlook

variety.com:

Jennifer Maas TV Business Writer Electronic Arts (EA) confirmed its lower-than-expected results for its latest quarterly earnings, mainly attributed to a rough start for “Dragon Age: The Veilguard” and “EA Sports FC 25,” on Thursday.

In preliminary results released Jan. 22, EA first revealed its negative adjustment, stating “Global Football,” which is how the company classifies its “EA Sports FC” results vs. “American Football” labeling for “Madden” and “College Football,” had “experienced a slowdown as early momentum in the fiscal third quarter did not sustain through to the end” for “EA Sports FC 25,” which launched Sept.

27. At that time, EA also noted “Dragon Age” drew only 1.5 million players during the October-December quarter, which was nearly 50% below the publisher’s expectations for the Oct.

31 release. (“Dragon Age” developer BioWare recently laid off a significant portion of its staff due to the game’s weak performance.) With the finalized financials released Thursday, EA reiterates it now expects net bookings to be between $7 billion to $7.2 billion when it ends its fiscal year at the conclusion of March.