Gaming Giant EA Stumbles: Soccer Franchise Forecast Sparks Investor Panic
Electronic Arts experienced a significant stock market setback, with shares plummeting over 15% after the company reduced its annual financial forecast. The decline raises concerns about the future of its popular soccer gaming franchise, which has been a critical component of its gaming portfolio.
The videogame developer reported a slowdown in in-game spending for its soccer franchise during the holiday quarter, breaking a two-year streak of double-digit growth. EA attributed this decline to its latest FC 2025 title, which was launched in September.
Despite the current challenges, the company's soccer franchise remains robust, with FC 24 emerging as one of the top-selling games of 2023, according to Circana data. This success comes in the wake of EA's strategic separation from FIFA in 2022, which led to the rebranding of its soccer game series from FIFA to FC.
The market's negative reaction reflects investor uncertainty about the franchise's continued performance and potential long-term revenue implications for Electronic Arts. Analysts and investors are closely monitoring the company's ability to maintain its strong position in the competitive sports gaming market.