EA's full-year loss hits $677 million, FIFA 10 sells ten million
Less than one week after its archrival Activision Blizzard reported a January-March quarterly earnings of $381 million on revenues of $1.3 billion, Electronic Arts has delivered its annual and fourth-quarter earnings. Suffice it to say, the outcome weren't nearly as pretty.
For the total fiscal year, EA posted net revenues of $3.654 billion, well over $4.212 billion it reported for your year prior. Blunting this decline, EA noted which it ended 4 seasons with $766 million in deferred income, or money relevant to certain online services that it'll recognize over individual games' lifetimes. Having reported a $1.09 billion deficit not too long ago, EA said today that losses for that just-ended fiscal period amounted to $677 million.
Considering the potency of EA's top-of-the-year lineup, it will come as no surprise the publisher a strong fiscal fourth quarter. During the January-March window, revenues hit $979 million, up 14 percent through the $860 million posted throughout the same period in '09. EA also turned a $30 million profit through the quarter, reversing a year ago's loss in $42 million FIFA Ultimate Team 19 Coins.
EA Dice's Battlefield: Bad Company 2 led the publisher's offerings through the quarter. To date, the highest-rated modern-day shooter has sold some 5 million units within the Xbox 360, PlayStation 3, and PC. Other top performers through the quarter included BioWare's respectable Mass Effect 2 and Visceral's less-than-stellar Dante's Inferno. During the entire year, Madden NFL 10, The Sims 3, Battlefield: Bad Company 2, and Need for Speed: Shift all sold in far more than 4 million units. FIFA Soccer 10 over doubled that feat, selling over millions of units since launching last October.
Though its release came outside of the fiscal year, EA also trumpeted the short start of 2010 FIFA World Cup: South Africa. The soccer sim--which scored high marks around the Xbox 360, PS3, PSP, and Wii last month--has now sold nearly 2 million units currently.
As it did last quarter, EA also presented its release schedule due to its in-progress fiscal year ending March 31, 2011. Notably the updated release lineup includes some alterations. Previously slated for the first quarter release, EA now expects to produce Need for Speed World throughout the July-September quarter. EA also usually have delayed its unspecified "Action Title TBA ('full game download' for consoles)" out with the fiscal year.
EA expects to get in $710 million to $750 million during its April-June 2010 quarter, with earnings per share into the future in between a $0.05 loss to your $0.05 gain. While those figures come in line with last quarter's projections, EA revised its full-year earnings expectations range, anticipating it now to fall between $3.35 billion and $3.60 billion. Loss per share has become expected ahead in between $0.85 and $1.15.
During a trip with analysts, EA CEO John Riccitiello, COO John Schappert, and CFO Eric Brown discussed highlights in the previous and future. These included:
The executive team noted that Mass Effect 2 has sold through over 1.six million units through both retail and digital means in Europe and North America. In January, the publisher said BioWare's acclaimed sci-fi role-playing game had shipped 2 million units worldwide. Now more ways to buy bargain FIFA 19 Coins, as an example, visit https://www.mmoah.com/fifa-coins
For the total fiscal year, EA posted net revenues of $3.654 billion, well over $4.212 billion it reported for your year prior. Blunting this decline, EA noted which it ended 4 seasons with $766 million in deferred income, or money relevant to certain online services that it'll recognize over individual games' lifetimes. Having reported a $1.09 billion deficit not too long ago, EA said today that losses for that just-ended fiscal period amounted to $677 million.
Considering the potency of EA's top-of-the-year lineup, it will come as no surprise the publisher a strong fiscal fourth quarter. During the January-March window, revenues hit $979 million, up 14 percent through the $860 million posted throughout the same period in '09. EA also turned a $30 million profit through the quarter, reversing a year ago's loss in $42 million FIFA Ultimate Team 19 Coins.
EA Dice's Battlefield: Bad Company 2 led the publisher's offerings through the quarter. To date, the highest-rated modern-day shooter has sold some 5 million units within the Xbox 360, PlayStation 3, and PC. Other top performers through the quarter included BioWare's respectable Mass Effect 2 and Visceral's less-than-stellar Dante's Inferno. During the entire year, Madden NFL 10, The Sims 3, Battlefield: Bad Company 2, and Need for Speed: Shift all sold in far more than 4 million units. FIFA Soccer 10 over doubled that feat, selling over millions of units since launching last October.
Though its release came outside of the fiscal year, EA also trumpeted the short start of 2010 FIFA World Cup: South Africa. The soccer sim--which scored high marks around the Xbox 360, PS3, PSP, and Wii last month--has now sold nearly 2 million units currently.
As it did last quarter, EA also presented its release schedule due to its in-progress fiscal year ending March 31, 2011. Notably the updated release lineup includes some alterations. Previously slated for the first quarter release, EA now expects to produce Need for Speed World throughout the July-September quarter. EA also usually have delayed its unspecified "Action Title TBA ('full game download' for consoles)" out with the fiscal year.
EA expects to get in $710 million to $750 million during its April-June 2010 quarter, with earnings per share into the future in between a $0.05 loss to your $0.05 gain. While those figures come in line with last quarter's projections, EA revised its full-year earnings expectations range, anticipating it now to fall between $3.35 billion and $3.60 billion. Loss per share has become expected ahead in between $0.85 and $1.15.
During a trip with analysts, EA CEO John Riccitiello, COO John Schappert, and CFO Eric Brown discussed highlights in the previous and future. These included:
The executive team noted that Mass Effect 2 has sold through over 1.six million units through both retail and digital means in Europe and North America. In January, the publisher said BioWare's acclaimed sci-fi role-playing game had shipped 2 million units worldwide. Now more ways to buy bargain FIFA 19 Coins, as an example, visit https://www.mmoah.com/fifa-coins
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