EA Wraps 2008 Books Share on Facebook Share on Twitter Update ID

Electronic Arts released its year-end financial totals this week. Their 2008 fiscal year ended on March 31. The company's overall revenue for the year hit a record $3.67 billion, but the company ended with a net loss of $454 million due in part to how it measures income from online games. Twenty-seven games sold over a million copies, and fifteen of those sold more than two million. Console game sales accounted for the majority of income for the year. XBox 360, PS3, Wii and PC sales each accounted for roughly 10% of the business. The PS2 alone contributed 20% and combined DS, PSP and cellular games were approximately 15%. PC sales were down 28% compared to 2007 while modern console sales increased over 90%. Looking forward to 2009, EA expects overall revenue growth of more than $1 billion to approximately $5 billion total.

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