FINANCIAL PERFORMANCE
Net Bookings
- Q3 FY25: $2.215B
- FY25 Guidance: Revised down to $7.000B-$7.150B
- GAAP Revenue: $1.883B
- GAAP Diluted EPS: $1.11
KEY FRANCHISE PERFORMANCE
Global Football
- Projected mid-single-digit YoY decline after two years of double-digit growth
- FC 25 "Team of the Year" update and gameplay refresh receiving positive feedback
- Significant slowdown in momentum affecting overall performance
Dragon Age
- Current player engagement: 1.5M users
- 50% below internal expectations
- Underperformance contributing to guidance revision
FORWARD OUTLOOK
Fiscal Year 2025
- Net Bookings guidance lowered
- Global Football and Dragon Age weakness primary drivers
- Maintaining operational discipline focus
Fiscal Year 2026
- Management projects return to growth
- Planning launches of iconic franchises
- Strategic focus on long-term opportunities
MANAGEMENT COMMENTARY
Andrew Wilson, CEO
- Reaffirmed confidence in long-term strategy
- Acknowledged near-term challenges
- Emphasized upcoming franchise opportunities
Stuart Canfield, CFO
- Highlighted operational discipline
- Focused on FY26 growth initiatives
- Managing investment and cost balance
UPCOMING EVENTS
- Full Q3 FY25 earnings call scheduled for February 4, 2025
MARKET IMPLICATIONS
- Near-term headwinds likely to impact trading sentiment
- Long-term recovery potential tied to FY26 franchise launches
- Focus on operational efficiency during transition period