EA loses over $1 billion in fiscal 2009, cuts Q4 loss
EA’s reported a shell-shock $1.08 billion loss for the financial year ending March 2008.
Revenue for the period was up to $4.2 billion, a 15 percent rise from the previous year’s $3.6 billion.
“EA’s strong cost actions in Q4 FY09 together with our investments in our digital service businesses will set us up for a stronger FY10,” said CEO John Riccitiello.
“EA is well positioned with the right strategies in a growing industry.”
The company said that more than 31 games in the year sold more than 1 million units, up from 27 in the previous year.
Q4 loss was $42 million, or 13 cents a share, narrowed from a loss of $94 million, or 30 cents a share in the same period last year.
Q4 revenue was $860 million, down $267 million compared with $1.13 billion for the prior year.
Some more info: * EA had 31 titles that sold more than one million copies in the year - as compared with 27 titles in the prior year. Dead Space has sold over 1.4 million, Mirror's Edge has sold over 1 million. * FIFA 09, Madden NFL 09 and Need for Speed Undercover each sold over five million copies in the year. * SPORE sold over two million copies with users generating more than 100 million creatures. * Warhammer Online currently has over 300,000 active subscribers. Two unannounced subscription games coming this year, announced by next conference call. * EA generated 14% of its total non-GAAP revenue on the Wii - as compared with 8% a year ago. EA to ship EA SPORTS Active in May and Harry Potter and the Half-Blood Prince(TM) in June. Also in June, Tiger Woods PGA TOUR(R) 10 and EA SPORTS Grand Slam(R) Tennis - both bundled with the Wii MotionPlus(TM) accessory (Tennis bundle available in Europe only). * EA’s non-GAAP digital services revenue, which includes online and wireless, was $429 million in fiscal 2009, up 27% year-over-year. * Pogo(TM) achieved an all-time high of 1.8M paying subscribers for the fiscal year. * EA Mobile(TM), the world’s leading publisher of games for wireless, delivered non-GAAP revenue of $189 million for fiscal 2009 - up 24 percent year-over-year.
