By Connor Hart

Electronic Arts cut its outlook, dragged down by fewer gamers playing its soccer-themed video-game titles. The videogame developer expects net bookings, which combine total net revenue and the change in deferred net revenue for online-enabled games, to come in at $2.22 billion for its fiscal third quarter. It had previously guided for $2.4 billion to $2.55 billion. For the fiscal year, net bookings are now expected to come in between $7 billion and $7.15 billion, down from between $7.5 billion and $7.8 billion. Shares fall 11%, to $126.90, in after-hours trading.

AST SpaceMobile plans to offer convertible senior notes. The space-based broadband company has set up a $400 million private offering to institutional buyers, which would include an option to purchase up to an additional $60 million in notes. The final terms of the notes will be determined when the offering gets priced. Shares tumble 14%, to $19.37, in postmarket trading.

Vertical Aerospace plans to launch a stock offering to fund research and development expenses. The aerospace and technology company said it will offer $75 million of units, with each unit consisting of one ordinary share and one-half of a Tranche A warrant and one-half of a Tranche B warrant. Proceeds from the offering will help fund continuing development of the VX4 aircraft, as well as expenditures in the expansion of its testing and certification capacities. Shares fall 30%, to $6.50, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 22, 2025 18:55 ET (23:55 GMT)

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