Tue, Aug 04, 2009 | 22:16 BST
EA slashes Q1 costs as losses widen
EA has posted a $234 million loss for the first quarter, compared to a loss of $95 million for the prior year.
Sales were down from $804 million last year to $644 million.
Operational costs, though, were drastically reduced for the period, down to $25 million compared to $239 million a year ago.
“Good execution delivered better-than-expected financial results in the first quarter,” said boss John Riccitiello.
“We are very pleased with the success of both The Sims 3 and EA Sports Active.”
Full-year revenue estimate stuck at between $3.7 and $3.85 billion. A total-year loss per share is expected to be between $0.85 and $1.35.
The conference call’s kicking off now. Get the full financial report here.
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Posted in: EA, Financials, Hot, Trade
Tags: ea q1 financials 2010
3 comments
#1
Razor
04/08/09, 10:12 pm
“better-than-expected financial results”
A $234 million loss for 1 quarter is better than expected? Yikes.
#2
anasui
04/08/09, 10:50 pm
maybe they were expecting 235
anywho, they lost -139 but saved +214. By that logic they “earned” 75
#3
jnms
05/08/09, 10:23 am
Companies have a crazy language don’t they!?
Here’s an example; I expect my friend to give me £10 at the pub tonight. When I get there he only gives me £5. So by corporate speak, I have made a £5 loss – even though I am actually £5 in pocket!
Or am I totally missing something here?