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Mixed Bag For EA

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mixed bag for ea

Acquisitions Cause $454 Million In Losses For EA In Fiscal 08

Army of Two, Burnout Paradise and the continued strength of Rock Band drove Electronic Arts to $1.127 billion in sales for the fiscal fourth quarter, an 84 percent increase over the same period last year - but rather than turn a profit, EA took a $94 million loss.

Despite having 27 titles that sold over one million units during the year and a total $3.7 billion in sales, that loss on the quarter was only a portion of the company's overall $454 million loss on the year, a hefty blow after last fiscal year's $76 million profit.

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2:40 PM on Tue May 13 2008
By Leigh Alexander
6,112 views, 50 comments

Latest by jgw: @cdammers: You're mixing up your numbers here. It's an GAAP operating loss of $487mm on the YEAR vs non-GAAP net income (not operating profit) of $30mm on the quarter. more »