EA Goes From Full-Year Loss to Profit

| | Comments (0)
Electronic ArtsElectronic Arts announced preliminary financial results for its fiscal fourth quarter and full financial year ended March 31, 2012. EA managed to turn around the previous year's loss and make a profit, so read on for more details...
Save further revisions, Electronic Arts expects to report net income of $400 million for the quarter ended March 31, 2012, compared to net income in the same quarter the previous year of $151 million. For the full year, EA expects to report net income of $76 million, compared to a net loss of $276 million in the previous year.

As in past quarters, roughly one-third of net revenues came from games sold on the Xbox 360, and one third came from games sold on the PlayStation 3. PC Games provided another 25% and mobile platforms provided around 6% of revenues. Nintendo and Sony's handhelds were inconsequential, with the Wii and PlayStation 2 providing most of the remainder of sales.

Electronic Arts credited the turnaround to several factors. EA pointed to strong engagement with Battlefield 3 and Star Wars: The Old Republic, the success of PopCap, and sales of games such as Mass Effect 3, FIFA Street 4, SSX and Kingdoms of Amalur: Reckoning.

Leave a comment

About this Entry

This page contains a single entry by Editor published on May 7, 2012 3:43 PM.

Saxon Power-Pop Likes Minecraft was the previous entry.

ZiGGURAT Review is the next entry.

Find recent content on the main index or look in the archives to find all content.


Add to Technorati Favorites