Tag Archives: ea q1 financials 2010

Did you miss it? Of course you did. You don’t have the stamina, the unswerving dedication to the news cause, that separates snivelling boys from towering men.

Fortunately, we do. Which is why you’ll find all of the news from EA’s Q1 release below.

• EA slashes Q1 costs as losses widen
• EA Q1 financials – full earnings call transcript
• EA Q1 earnings call – full audio
• EA Sports Active sells 1.8 million copies
• EA Sports Active Wii expansion delays 360 and PS3 Grand Slam Tennis
• Sims 3 sells 3.7 million units
• Riccitiello: EA to support both Natal and PS3 motion tech, plans coming “early- to mid-2010″
• Riccitiello confirms ongoing Medal of Honor work
• Madden Arcade coming just in time for the holidays
• Madden 10 pre-orders up on last year

Don’t like reading? Can’t read? We got your ass covered, hotshot. Below you’ll find a link to the full audio of last night’s EA Q1 investor call. Hit it, or download it, and listen to John Riccitiello and Peter Moore say things like “going forward”. A lot.

You’ll hear a lot of yawning and typing. They’re by-products of tirelessly serving the news community in the middle of the night.

EA Q1 earnings call audio

For all the major headlines from the call and all related figures, hit this.

EA Sports boss Peter Moore said last night that pre-orders for Madden’s 2010 version were ahead of those the firm saw for the franchise in 2008.

“We’re now marginally ahead year-on-year with about ten days to go,” said Moore, speaking in EA’s Q1 investor call.

“Last year on this call we talked about pre-sales and whether they were really a key indicator anymore for what the strength of the title is going to be out of the blocks… but we’re marginally ahead.”

Moore didn’t give specific figures. The game releases on August 14.

For all the major headlines from the call and all related figures, hit this.

Seeking Alpha’s posted the entire transcript of last night’s hour-long EA Q1 investor call. There’s some good stuff in there, newshounds.

For all the major headlines from the call and all related figures, hit this.

Peter Moore announced during EA’s financial call today that an arcade version of Madden NFL will be released just in time for the holidays.

Madden Arcade will be reminiscent of 3 on 3 NHL Arcade and is to be made available for PSN and XBL.

Moore never said if the footballers will look like bobble heads or not, but if it is anything like 3 on 3, expect it.

Extra details were promised at a later date.

EA boss John Riccitiello has made first official mention of ongoing work on Medal of Honor, speaking tonight in the company’s Q1 earnings call.

“Somewhere out there is Medal of Honor,” said the exec.

“We’re not yet in a position to discuss specific plans, but we will do so in due course.”

As far as we’re aware, this is the first time the company has ever officially mentioned new Medal of Honor projects passed 2007′s Medal of Honor: Airborne and Medal of Honor: Heroes 2.

The series was rumoured last year to be heading to Afghanistan, and various job postings potentially related to the series have been spotted recently.

But there you go. Official.

EA boss John Riccitiello said tonight that EA is “positive” on the opportunities afforded by both Natal and PS3′s upcoming motion controller, saying the company will support both and announce its plans for the new peripherals next year.

“We’re really positive on both,” said the exec, speaking in the firm’s Q1 investor call.

“Our view is that motion-based gaming is something that is both going to drive install base, drive interest and drive growth. We’re positive overall.”

He added: “We’re planning to support both. We haven’t yet announced our plans to do so, but we shall do so in the right time-frame for that, which is likely to be early- to mid-2010.”

Natal and the PS3 motion-tech are dateless at the moment, although Natal is expected towards the end of 2010.

The EA financial call is still ongoing and in it the company revealed that The Sims 3 has sold 3.7 million copies.

Sims 3 was the top selling title in North America and Europe for the quarter, it was revealed.

There’s loads of Sims fans out there, apparently.

Full financials can been read here.

Peter Moore confirmed an EA Sports Active expansion in EA’s Q1 investor call tonight.

The add-on will release this holiday.

Moore said “development resources” from the EA Sports tennis team were being used on the new fitness franchise, and as a result, the 360 and PS3 versions of Grand Slam Tennis have been delayed.

EA Sports Active has been a major hit for Moore, having now shifted almost 2 million units.

During EA’s Q1 conference call to investors it was revealed that EA Sports Active sold 1.8 million copies on Wii.

John Riccitiello stated that the company is pleased with the quality of its games, and Sports Active has cemented EA as the third best-selling third-party publisher on Wii.

Peter Moore is thrilled with the title, as it is the company’s best-selling Wii title to date.

The call is ongoing, so expect more to come out of it.

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.

News ghouls will need to be watching l’internet later tonight: EA reports its first quarter figures after market close in New York.

If you want the details first hand, a conference call is scheduled for 2.00pm PST (877-627-6511 passcode 220497 or at http://investor.ea.com). That’s 10.00pm BST. The financials themselves should release just before then.

Analysts are eyeing an increase in fortunes for the publisher in this set of numbers, and product focus is likely to stick to an apparently Modern Warfare 2-resistant roster for holiday 2009. A rise in full-year prediction isn’t expected.

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