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Electronic Arts Issues Earnings Guidance for Third Quarter of Fiscal Year Ending December 31, 2024

Electronic Arts, a leading video game developer and publisher, recently announced its financial projections for the third quarter of fiscal year 2024, which ends on December 31, 2024.

The company anticipates net revenue to fall within a range of $1.85 billion to $1.95 billion, representing a potential decrease compared to the $2.36 billion generated in the same period during the previous fiscal year.

Electronic Arts attributes this predicted decline primarily to the absence of major game releases during the quarter, unlike the prior year, which saw the launch of the highly successful "Apex Legends: Eclipse" expansion.

Despite the anticipated revenue decline, Electronic Arts remains optimistic about its long-term growth prospects.

The company's focus on expanding its portfolio of popular franchises, such as "FIFA," "Madden NFL," and "Battlefield," is expected to drive future growth and profitability.

Key Points:

* Electronic Arts projects net revenue between $1.85 billion and $1.95 billion for Q3 FY24. * This represents a potential decrease compared to $2.36 billion in Q3 FY23 due to a lack of major game releases. * The company remains optimistic about long-term growth driven by its popular franchises.

Additional Information:

* Electronic Arts' earnings report for the third quarter of fiscal year 2024 is scheduled to be released on February 1, 2025. * The company's full-year financial guidance for fiscal year 2024 will be provided during its earnings call on that date. * Investors and analysts will closely monitor Electronic Arts' performance during the third quarter to assess the company's ability to navigate the current market dynamics and execute its growth strategy.