Dec. 31, missing forecasts of $2.4 billion to $2.55 billion due to the weak performance of two holiday video games.The Redwood City, California-based publisher, in a preliminary statement Wednesday, reduced projected bookings for the 2025 fiscal year to a range of $7 billion to $7.

(Reuters) -Videogame publisher Electronic Arts on Wednesday cut its forecast for annual bookings, citing weakness across its established soccer franchise, sparking concerns over a slowdown in the key division and sending its shares tumbling nearly 11%.

This also means EA has cut its expectations for the 2025 fiscal year. Originally, it was aiming to make $7.5 billion to $7.8 billion (about £6.1 billion to £6.33 billion) by the end of March, but that target has dropped to a range of $7 billion to $7.15 billion (about £5.7 billion to £5.8 billion).