
But publisher enjoys record revenues over Christmas period
Electronic Arts has posted a loss for its third quarter of 2007, blaming restructuring charges and deferred revenue – but has reported record revenue for the Christmas period.
The publisher suffered a net loss of $33 million for the period ended December 31st, 2007. That compared with net income of $160 million, or 50 cents a share from the previous year. It put the decrease down to increased marketing costs and restructuring charges of $78m.
However, the company’s revenue grew 17 percent to $1.5 billion for the third quarter, compared with the $1.28 billion it reported in Q3 2006. The result was driven by sales of Rock Band, Madden and The Simpsons.
EA also reported that Battlefield: Bad Company and Mercenaries 2: World in Flames had both been delayed to fiscal year 2009.
“This was a record revenue quarter for E.A. and the single biggest revenue quarter for any third-party publisher in our industry,” said EA’s chief executive John Riccitiello.
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"While we are disappointed that two titles slipped out of the March quarter, Burnout Paradise is off to a terrific start and we are looking forward to the upcoming launches of Army of Two and FIFA Street 3."
Comments
About time too!
Ha, thats what happens when you churn out the same ol **** year after year......
Its about time you payed attention to your complacency,
I hope this continues and you learn from your mistakes, obviously not at the expense of all the great talent you've aquired like Criterion etc but I hope you learn.
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