Electronic Arts Inc ( EA ) shares are moving lower in after-hours Wednesday after the company reported preliminary financial results for the third quarter.

What Happened: EA said it previously anticipated mid-single-digit growth in live services net bookings, but now projects a mid-single-digit decline largely due to a slowdown in Global Football.

The Global Football franchise experienced a slowdown in the quarter as early momentum faded, the company said. Separately, Dragon Age only engaged approximately 1.5 million players during the quarter, about 50% lower than the company’s expectations.

Due to the unexpected slowdown, EA reported preliminary results for the third quarter and adjusted its full-year outlook. EA now expects third-quarter revenue of $1.883 billion versus estimates of $2.507 billion, according to Benzinga Pro. The company anticipates third-quarter earnings of $1.11 per share, in line with analyst estimates.

EA now expects net bookings of approximately $2.215 billion in the third quarter. The company provided a net bookings range of $7 billion to $7.15 billion for fiscal year 2025.

“During Q3, we continued to deliver high-quality games and experiences across our portfolio; however, Dragon Age and EA SPORTS FC 25 underperformed our net bookings expectations,” said Andrew Wilson, CEO of EA.

“This month, our teams delivered a comprehensive gameplay refresh in addition to our annual Team of the Year update in FC 25; positive player feedback and early results are encouraging. We remain confident in our long-term strategy and expect a return to growth in FY26, as we execute against our pipeline.”

EA will report its full financial results for the third quarter after the market close on Feb. 4.

EA Price Action: EA shares were down 8.56% at $130.16 in after-hours trading at the time of publication, per Benzinga Pro.

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