Electronic Arts (EA) Q4 Earnings and Revenues Decline Y/Y

Electronic Arts (EA) reported fourth-quarter fiscal 2024 earnings of $1.37 per share, which declined 22.6% year over year. Revenues decreased 5.1% year over year to$ 1.77 billion due to weakness in Live services and other revenues.The Zacks Consensus Estimate for earnings was pegged at $1.55 per share. The consensus mark for revenues was pinned at$ 1.78 billion.Net bookings for the fiscal fourth quarter were $1.67 billion, down 14% year over year in both actual and constant currency.Full-game net bookings f ...