Tag Archives: loss

$308m loss for EA in Q3

EA has reported a $308m GAAP net loss for the quarter ending December 31st – a big decline on the $45m loss reported in the same quarter last year. Revenue fell $112m to $808m. Digital revenue climbed from $321, to $410m but packaged goods revenue fell from $568m to $370m. …

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EA reports another quarter of loss although digital growth continues

Publisher EA has reported a $273m loss for the quarter ending September 30th. That’s less than the $381m loss reported in the same quarter the year before. Net revenue for the period reached $695m. Digital revenue climbed to $450m, up from $324m a year earlier. That means digital accounted for …

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Blackberry axing 4,500 jobs

A catastrophic loss of nearly $1bn has forced Blackberry – formerly RIM – to announce the axing of 4,500 jobs. The poor performance of its Z10 smartphone is one of the biggest factors in the numbers, which have seen it predict quarterly losses of $995m. Around 40 per cent of …

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Sony hopes to recoup PS4 unit losses via game and subscription sales

The PlayStation 4 console will be sold at a loss, Sony has confirmed. However, the platform holder expects has told Eurogamer that it expects to recoup this with every unit sold providing the buyer also purchases at least one launch game and subscribes to the PlayStation Network. SCEJ exec Masayasu …

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Square Enix promises reforms as profit flips to loss

Various strategic reforms” are on the way for Square Enix after the company confirmed a year of losses for the 12 months ending March 2013. Although net sales climbed 15.7 per cent for the period, an operating loss of 6,081m and a net loss of 13,714m was reported. That compares …

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Disney Interactive was Disney’s only loss-making business during last quarter

Perhaps this explains why Disney decided to ditch LucasArts? Disney has reported a ten per cent increase in profits for the first quarter of 2013 with net income climbing 32 per cent to $1.5bn. In fact, it was all good news for Disney with one exception. Disney Interactive posted a …

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Nintendo misses income target by half, posts second successive annual loss; Wii U sells 3.45m units

As predicted by analysts, Nintendo has failed to return to profitability and posted its second successive annual loss. For the year ended March 31st net sales reached 635.422 (4.2bn) – 5.2 per cent short of the company’s 670,000m (4.42bn) forecast. Net income missed its 14,000m (920.3m) target by a whopping …

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Tough console market sees Square Enix report loss

Square Enix has reported a net loss for the nine months ending December 31st. It blamed the result on what it described as the increasingly difficult condition of the world-wide console game market, under which the Group is struggling to achieve a fair expected return on its investment”. Net loss …

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Nintendo rules out Wii U price cut despite "not delivering value proposition" to consumers

The price of the Wii U will not be cut by Nintendo in the near future. That’s despite, by Nintendo’s own admission, the fact that Wii U has not delivered a value proposition” to consumers. But with the company still selling the machine at a loss, it has no room …

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Wii U hardware is profitable for Nintendo after one game purchase

Nintendo might be selling Wii U hardware at a loss, but each sale should still result in a profit for the platform holder. The Wii U hardware will have a negative impact on Nintendo’s profits early after the launch because rather than determining a price based on its manufacturing cost, …

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