Electronic Arts shares drop 7% on weak soccer title sales

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Electronic Arts (EA) shares decreased by 7% in after-hours trading on Jan. 22 after the company revised its full-year net bookings forecast downward.

This change is due to weaker performance in several games, particularly its soccer title, EA Sports FC.

The company reported a decline in sales of its soccer franchise during the December quarter, breaking a trend of two years of double-digit growth.

Previously branded under Fifa, this franchise has been marketed as EA Sports FC since 2022 after EA ended its collaboration with Fifa.

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