Electronic Arts Posts $1B Loss
- Scribbled on May 5th, 2009 by Jonah Falcon
- Filed in Industry News
Bluesnews is reporting that Electronic Arts lost over $1B over the last fiscal year, which was twice as much as the previous year’s losses.
The company reported total revenue of $4.2 billion over the year, up 15 percent from the previous year’s figure of $3.6 billion.
Meanwhile, the publisher’s fourth quarter results rang in to the tune of $42 million in net loss–less than expected by analysts. According to EA, sales in that quarter were largely driven by Skate 2, Rock Band 2, The Lord of the Rings: Conquest, Left 4 Dead and Need for Speed Undercover.
Unfortunately, one result from the cash loss was the axing of 11% of EA’s workforce.
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