Tag Archives: ea q3 financials
Wed, Feb 10, 2010 | 19:11 GMT
EA has revealed that it’s to rely less on third-party titles in the future and will instead shift its focus on publishing internal projects.
Mon, Feb 08, 2010 | 21:45 GMT
EA just confirmed that Crysis 2 will release in EA’s third quarter next year, meaning it’ll ship between October-December 2010.
Wed, Feb 04, 2009 | 07:23 GMT
EA’s posted a huge loss for the three months ending December 31, amounting to $641 million.
Revenue for the period was was $1.65 billion, up $151 million compared with the $1.50 billion for the prior year.
FIFA 09, Rock Band 2, Need for Speed Undercover, Rock Band, Left 4 Dead, Dead Space, Madden NFL 09, Littlest Pet Shop, NBA Live 09 and Mirror’s Edge were named by the firm as Christmas cash-drivers.
The news, however, is bad. EA said today it’s to extend planned redundancies from 10 percent to 11 percent of its total workforce, meaning 1,100 staff now face job loss.
In addition, 12 EA facilities are to be closed as part of a deep cost-cutting exercise.
Sir John’s brow is beaten, but that lip remains stiff.
“Our holiday quarter came in below our expectations and we have significantly reduced our financial outlook for fiscal 2009, a clear disappointment,” said CEO John Riccitiello.
“We delivered on game quality and innovation in calendar 2008, with 13 titles rated 80 or above — more than any third-party publisher. We expect to build on this great quality record in the year ahead while delivering more profitability.”
The full press release is after the break.