In the latest financial update from Electronic Arts, the company has reported a year-on-year decline in both revenue and net bookings for the quarter ending December 2024. The renowned US publishing giant generated .88 billion in revenue during this period, reflecting a three percent decrease compared to the previous year. Meanwhile, net bookings experienced a more significant drop, falling six percent to .22 billion.
Reflections from Leadership
During a recent discussion with investors, CEO Andrew Wilson expressed his disappointment regarding the financial outcomes. This sentiment was not entirely unexpected, as the company had previously adjusted its fiscal targets due to underwhelming performances from key titles, including EA Sports FC 25 and Dragon Age: The Veilguard.
Wilson emphasized the company’s commitment to delivering exceptional gaming experiences, stating, “Our relentless focus on execution and delivery ensures we continue to bring incredible sports experiences and blockbuster entertainment to hundreds of millions of players and fans around the world.” However, he acknowledged that the results did not align with the company’s aspirations. “It was not the financial performance we wanted or expected. We know as a leader in global entertainment, great titles, even when built and delivered with polished execution, can sometimes miss our financial expectations.”
