Electronic Arts announced preliminary financial results for its fiscal first quarter ended June 30, 2009:
For the quarter, EA reported a net loss of $234 million, compared to a net loss of $95 million in the same quarter the previous year. EA sensibly spun the results as better than expected, emphasizing tremendous sales of The Sims 3
, but the question still remains whether EA's cost-cutting measures (that contributed to the large net loss) will produce a positive result for the company in the near future.
By platform, the PC is the greatest contributor to EA's revenues, providing 31% of net revenues (keep in mind that includes casual gaming and massively multiplayer online game subscriptions). Of the consoles, the Wii is the biggest contributor, providing 23% of revenues followed by the Xbox 360 at 17% and the PlayStation 3 at 12%.