EA Stock Drops as Dragon Age: The Veilguard Misses Sales Mark by 50%
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While Dragon Age: The Veilguard might have gotten decent review scores when it was released last year, it seems that didn’t translate to sales, so much so, that publisher Electronic Arts’ stock has dropped because of it.
As of Wednesday’s after market trading, EA’s stock has dipped 9% due to the underperformance of EA Sports FC 25 and Dragon Age: The Veilguard.
EA CEO Andrew Wilson Confirms Dragon Age: The Veilguard Underperformed in Sales
Wilson said in a report on EA’s preliminary Q3 FY25 results, “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.”
Adding to that, Wilson mentioned how The Veilguard managed to engage approximately 1.5 million players. which is 50% lower than the publisher’s expectations. “Global Football had experienced two consecutive fiscal years of double-digit net bookings growth. However, the franchise experienced a slowdown as early momentum in the fiscal third quarter did not sustain through to the end. As a result, EA revises its outlook for Global Football to end the fiscal year down mid-single-digit at the midpoint of the new outlook. Separately, Dragon Age engaged approximately 1.5 million players during the quarter, down nearly 50% from the company’s expectations.”
Due to the missed mark, EA has now cut its net bookings range from $7B to $7.15B for fiscal year 2025 from its prior target range of $7.5B to $7.8B. Overall, EA now projects a mid-single-digit decline in live services net bookings compared to its initial projection of mid-single-digit growth.
Looking ahead, Stuart Canfield, CFO of EA, mentioned, “We continue to balance investment for future growth with operational discipline and remain committed to EA’s long-term financial framework. As we look to FY26, we expect to grow as we launch more of our iconic franchises.”
EA will announce the results of its third fiscal quarter ending December 31, 2024, on February 4. We should know more details by then.
With the RPG underperforming commercially, it’s no wonder BioWare isn’t planning on developing any DLC for it. The studio has confirmed they have shifted focus to the next Mass Effect game, which we’re hoping fares better for the studio.
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Get woke, go broke.
Jason you can suck the balls of everyone who was right you prick
Always vote with your wallet.
Games are meant to entertain and if done carefully, be social commentary, what they can’t be is woke first, entertainment second.
Half an rpg, half an open world, half the sales.