EA posts $1 billion annual loss
From gamespot.com: It’s been a rough year for the industry, but few companies have taken it on the chin like Electronic Arts. Today the publisher released its financial results for the fourth quarter and fiscal year ended March 31, showing that the company limped to the finish line in a year that saw it lose more than a billion dollars. EA’s financial results were almost as grisly as a good round of Left 4 Dead….
…For the fourth quarter on its own, EA posted sales of $860 million, down nearly 24 percent from the previous fourth quarter’s $1.13 billion haul. Those sales were led by Skate 2, Rock Band 2, The Lord of the Rings: Conquest, Left 4 Dead, and Need for Speed: Undercover. The good news for the publisher was that it has a net loss of only $42 million during the three-month stretch, compared with $94 million during the same period last year. EA posts $1 billion annual lossPosted in Gaming on May 6, 2009 by xoanon