It’s not that the company is losing money, it’s just what investors think their company is worth is now less

The company also reported that ‘bookings’, a key measure of player spending, grew by just 8% year over year after previously posting much stronger growth

This is the most relevant thing the article mentions; they’re still making money, more money than they did last year

Financial news is weird, it all just seems like random guesswork and made up numbers