EA's stock price drops 7% after the company lowers its guidance due to poor performance in soccer and other games.

• On Wednesday, Electronic Arts reduced its full-year revenue forecast due to poor sales of certain games, particularly its soccer franchise.
• Net bookings for Global Football, also known as EA's version, experienced a decline in the December quarter following two consecutive years of growth in the double digits.

On Wednesday, EA Sports FC's underperformance led to the company slashing its full-year bookings guidance. The shares fell 7% in extended trading.

EA anticipates reporting approximately $2.215 billion in net bookings for the fiscal third quarter, which ended on December 31, instead of the previously forecasted range of $2.4 billion to $2.55 billion.

The company announced that its revenue in the December quarter will be approximately $1.88 billion, with $1.11 in diluted earnings per share.

EA anticipates net bookings for the fiscal year ending March 31 to be between $7 billion and $7.15 billion, lower than its previous guidance of $7.5 billion to $7.8 billion. Net bookings encompass both physical game sales and revenue from online games.

Since 1993, the most popular soccer video game franchise has been revealed to have weaknesses. Although it was previously branded as FIFA, EA's deal with FIFA ended in 2022, and the last two EA soccer games were sold as EA Sports FC.

Nearly 50% below the company's expectations, "Dragon Age" for Sony PlayStation and Xbox had only 1.5 million players during the quarter.

"EA CEO Andrew Wilson stated that while we continued to deliver high-quality games and experiences across our portfolio during Q3, Dragon Age and EA SPORTS FC 25 did not meet our net bookings expectations."

EA reported that its soccer franchise, Global Football, experienced a slowdown in net booking growth during the December quarter, despite two years of double-digit growth. The company expects Global Football sales to decline on a year-over-year basis, and predicts that bookings from online sales and live services will also decrease in fiscal 2025. The majority of the live services shortfall can be attributed to the soccer franchise.

Recently, FC 25 was updated with new content, enhanced gameplay, and an annual "Team of the Year" feature, which was positively received by players, as stated by EA.

EA's third-quarter earnings are planned for Feb. 4, but a warning has been issued weeks in advance.