NEW YORK – January 24, 2025 (NEWMEDIAWIRE) – Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Electronic Arts Inc . (NASDAQ: or the Company) (NASDAQ: EA).
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If you are an EA investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (212) 329-8571.
On January 22, 2025, after the close of trading, the Company announced in a press release that the initial guidance for fiscal year 2025 anticipated mid-single-digit growth in live services net bookings[.] However, the company now projects mid-single-digit decline, with Global Football accounting for the majority of the change. EA also revealed that another game, Dragon Age, had only engaged approximately 1.5 million players during the quarter, down nearly 50% from the companys expectations.
Following this news, the price of EA stock declined $23.77 per share, nearly 17%, to close at $118.58 per share on January 23, 2025. This represents the largest single day decline since 2008.
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If you have any questions about this investigation, please contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
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