EA’s Q3 revenue down 3% YoY, as mobile is only platform with GAAP growth

EA generated almost $1.9 billion in the third quarter of its fiscal year 2025, covering the three months ended December 31st, 2024.

$599 million of that total came from full game sales, compared to nearly $1.3 billion from "live services and other". Each segment declined year-on-year, with overall revenue down 3% compared to Q3 of fiscal year 2024.

Meanwhile, gross profit increased by less than 1% to over $1.4 billion

Net bookings for the quarter were $2.2 billion, matching up with the company’s preliminary estimates released last week. Its new net bookings range for the full year is now confirmed at $7 billion to $7.15 billion.

Net revenue is expected to land between $7.25 billion and $7.4 billion.

Platform comparison

EA’s biggest platform for net revenue in Q3 was console, at over $1.2 billion. Mobile made just $276 million, behind PC and other platforms’ combined $392 million. Each platform saw a marginal decline year-on-year.

However, mobile was the sole platform to see an increase on a GAAP basis, up by 118% year-on-year from $11 million to $24 million. Among EA’s mobile successes this quarter, EA Sports FC Mobile saw a double-digit year-on-year increase in new players and in engagement.

Console’s GAAP-based performance fell by 27% year-on-year from $377 million to $275 million, meanwhile, and PC and other platforms generated a combined $33 million, mirroring last Q3’s result.

This means that mobile remains EA’s smallest of the three major platforms but saw the largest growth, at least on a GAAP basis.

"The record success of our EA Sports FC 25 Team of the Year event demonstrates our creative teams’ ability to adapt, innovate, and execute at scale," said EA CEO Andrew Wilson.

EA CFO Stuart Canfield added: "Today, we announced plans for a $1 billion accelerated share repurchase, which is expected to bring total stock repurchases to $2.5 billion within the first year of our $5 billion authorisation.

"This reflects both our confidence in EA’s long-term strategy and our ability to balance investment in growth with capital returns."