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The filed complaint alleges that Electronic Arts Inc. made materially false and/or misleading statements and/or failed to disclose that: On January 22, 2025, EA issued a press release pre-announcing their preliminary Q3 FY25 results and announcing a guide-down from the company’s prior expectations. Where “EA’s initial guidance for fiscal year 2025 anticipated mid-single-digit growth in live services net bookings … the company now projects a mid-single-digit decline.” EA primarily pointed to two setbacks: Global Football, specifically EA Sports FC 25, which required “a comprehensive gameplay refresh” earlier this month; and Dragon Age, which engaged approximately 1.5 million players during the quarter, down nearly 50% from the company’s expectations.” Following this news, EA’s stock price fell by $24.12 per share and is currently trading at $118.23 per share.
In order to be eligible to join the EA class action lawsuit, you must have incurred a loss on shares of Electronic Arts Inc. purchased during the class period listed above.
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