Tough Q4, but full-year financials up at EA

Net revenues for the fiscal year ended March 31st 2007 were a staggering $3.091 billion, up five per cent on the previous year. Gross profits stand at $1.879 billion, up six per cent year-on -year, while net income was down from $236 million last year to $76 million for 2007.

The figures were helped by seven titles which sold over three million copies worldwide, namely Madden NFL ’07, Need for Speed Carbon, FIFA ’07, The Sims 2 Pets, The Sims 2, Need for Speed: Most Wanted and 2006 FIFA World Cup.

EA’s fourth quarter results were rather less impressive. The publisher’s net revenues were down four per cent compared to last year at $613 million. Gross profit was also down year on year to $378 million, and net losses increased to $25 million from $16 million the prior year. The downturn was put down to the transition to next-gen consoles.

"EA has a powerful set of franchises, strong brands and great talent," said EA chief executive officer John Riccitiello. "It is a great honor to rejoin this team and have the opportunity to build on its success."

Warren Jenson, EA's chief financial and administrative officer, added: "We have a strong lineup for the year ahead. We expect to launch more than fifteen games based on wholly owned properties - including Medal of Honor Airborne, Army of Two, Boogie, MySims, Battlefield Bad Company, SKATE and Need for Speed."

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