EA Reports Calendar Concluding Financials Update ID

Electronic Arts has announced its third quarter fiscal results, which include the holiday season ending on December 31, 2009. Revenue was $1.24 billion compared to $1.65 billion in the same time during 2008. The company's operating loss improved from $304 million to $107 million however. EA was the top publisher on the PS3, PC and PSP and came in second on the XBox 360 and Wii. They also cited the improved critical reception of their games with 19 titles receiving an 80 or higher via Metacritic. FIFA '10 is also very close to reaching 10 million sales worldwide and their mobile/cellular games division sported $57 million in revenue.
“EA is growing share in our packaged goods business and our digital businesses continue to grow rapidly,” said John Riccitiello, Chief Executive Officer. “Mass Effect 2 is the first blockbuster of 2010 and we are looking forward to the launch of Dante’s Inferno and Battlefield Bad Company 2.”

“We are expecting an increase in FY11 full year non-GAAP earnings per share on the basis of strong cost controls and growth in our digital businesses,” said Eric Brown, Chief Financial Officer.


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