Competition And Revenue GrowthMore intense competition in the post-pandemic gaming era might lead to slower revenue growth and induce higher marketing spending to attract new players and retain existing ones.
Financial Performance1QFY3/25 net bookings fell by 20% year-over-year due to a lack of more game releases and the absence of World Cup tailwinds that benefited the global football business in the previous year, leading to a decline in EPS to USD1.04, down 29% year-over-year.
Game PerformanceApex Legends is under pressure with continued lower player engagement being incrementally concerning, and management expecting that a larger change or addition to the game is needed to turn around the current trends.