Competitive EnvironmentRisks include more intense competition in games in post-pandemic era, which 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 previously seen, contributing to a decline in operating profit and earnings per share.
Game PerformanceApex Legends remains under pressure, with comments on continued lower player engagement being incrementally concerning, and management expecting a larger change or addition to the game is needed to turn around the current trends.