Electronic Arts Reports Larger Second-Quarter Loss

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Electronic ArtsElectronic Arts announced preliminary financial results for its fiscal second quarter ended September 30, 2011. Read on for more details...
For the fiscal second quarter ended September 30, 2011, Electronic Arts announced a net loss of $340 million, compared to a net loss of $201 million in the same quarter the previous year. The quarter contained many of EA's big sports franchise releases, including FIFA 12, Madden NFL 12, NCAAA Football 12 and NHL 12, suggesting that initial sales of these franchises may have underperformed. On the other hand, EA claims to have shipped record numbers of FIFA 12 and Madden NFL 12. Of course, "shipped" is not the same as sold. Most of the company's revenue growth came from sale of digital products. Packaged goods remained nearly flat.

Electronic Arts noted that it completed its acquisition of PopCap and experienced tremendous increases in smartphone game revenue.

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This page contains a single entry by Editor published on October 27, 2011 5:02 PM.

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