Shares of Electronic Arts fell over 17% on January 23, 2025 following the release of EA's Q3 FY2025 earnings. The company lowered its fiscal year guidance, citing weaker-than-expected performance of Dragon Age: The Veilguard and EA Sports FC 25. Engagement for Dragon Age was nearly 50% below expectations, while EA Sports FC 25 struggled in its second year without the FIFA license, facing mixed reviews and declining user adoption of their FC Ultimate Team live service. Analysts have raised concerns about EA’s reliance on live services for growth and have questioned the future of key franchises. Block & Leviton is investigating whether EA has been properly disclosing the risks they are facing to investors.
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