http://biz.yahoo.com/bw/081030/20081030006325.html
|
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ:ERTS - News) today announced preliminary financial results for its fiscal second quarter ended September 30, 2008.
Net revenue for the second quarter was $894 million, up $254 million as compared with $640 million for the prior year. During the quarter, EA had a net deferral of $232 million of net revenue related to certain online enabled packaged goods games and digital content as compared with $296 million in the prior year.
Net loss for the quarter was $310 million as compared with net loss of $195 million for the prior year. Diluted loss per share was $0.97 as compared with diluted loss per share of $0.62 for the prior year.
Highlights
- Madden NFL 09 sold 4.5 million copies and was the number one title across all platforms in the quarter based on NPD data.
- SPORE is a hit selling nearly 2.0 million copies in just 3 weeks – over 40 million creatures have been uploaded into Sporepedia™. SPORE is the number one title on the PC in North America and number three title in Europe year-to-date.
- Warhammer Online: Age of Reckoning, an MMO from EA’s Mythic Entertainment studio, sold 1.2 million copies in the quarter – with over 800 thousand current players.
- The EA SPORTS core portfolio of annual simulation games takes a step up in quality – up 4 points year-over-year according to Metacritic's aggregated review score system on the Xbox 360® and PLAYSTATION®3 entertainment systems.
- EA was awarded 5 of the 9 honors at the Leipzig Games Convention in Germany –Spore as best PC game; Mirror’s Edge™ as best Xbox 360 game; Skate It as best Wii™ game; Warhammer Online: Age of Reckoning as best online game; and Sonic Chronicles, a game developed by EA BioWare, won best Nintendo DS™ game.
- EA Mobile is the world’s leading publisher of games for phones – with revenue of $47 million – up 24 percent year-over-year.
- EA BioWare and LucasArts announced the development of Star Wars®: The Old Republic™, a story-driven massively multiplayer online PC game.
- EA signs publishing agreements with Grasshopper Manufacture and Epic Games.
EA Announces Cost Reduction Plan
EA announced today a cost reduction plan, which will include the elimination of approximately 6% of the Company’s workforce. The Company estimates its cost reduction plan will result in annual pre-tax cost savings of approximately $50 million.
ELECTRONIC ARTS INC. AND SUBSIDIARIES
Unaudited Supplemental Financial Information and Business Metrics
(in millions, except per share data, SKU count and Headcount) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q2
FY08
|
|
Q3
FY08
|
|
Q4
FY08
|
|
Q1
FY09
|
|
Q2
FY09
|
|
YOY %
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PLATFORM NET REVENUE MIX |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Xbox 360 |
|
218 |
|
196 |
|
128 |
|
81 |
|
224 |
|
3% |
| PLAYSTATION 3 |
|
17 |
|
102 |
|
152 |
|
139 |
|
98 |
|
476% |
| PlayStation 2 |
|
73 |
|
301 |
|
166 |
|
79 |
|
54 |
|
(26%) |
| Wii |
|
59 |
|
139 |
|
75 |
|
57 |
|
33 |
|
(44%) |
| Xbox |
|
12 |
|
3 |
|
1 |
|
- |
|
1 |
|
(92%) |
| Nintendo GameCube |
|
3 |
|
1 |
|
- |
|
- |
|
- |
|
(100%) |
| Total Consoles |
|
382 |
|
742 |
|
522 |
|
356 |
|
410 |
|
7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| PC |
|
79 |
|
148 |
|
114 |
|
86 |
|
88
|
|
11%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Wireless |
|
38 |
|
39 |
|
42 |
|
44 |
|
47 |
|
24% |
| Nintendo DS |
|
47 |
|
122 |
|
36 |
|
21 |
|
43 |
|
(9%) |
| PSP |
|
21 |
|
74 |
|
69 |
|
57 |
|
36 |
|
71% |
| Game Boy Advance |
|
4 |
|
2 |
|
- |
|
- |
|
- |
|
(100%) |
| Total Mobility |
|
110 |
|
237 |
|
147 |
|
122 |
|
126 |
|
15% |
| Platform Net Revenue Mix (as a % of Net Revenue) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Xbox 360 |
|
34% |
|
13% |
|
11% |
|
10% |
|
25% |
|
|
| PLAYSTATION 3 |
|
3% |
|
7% |
|
14% |
|
17% |
|
11% |
|
|
| PlayStation 2 |
|
11% |
|
20% |
|
15% |
|
10% |
|
6% |
|
|
| Wii |
|
9% |
|
9% |
|
7% |
|
7% |
|
4% |
|
|
| Xbox |
|
2% |
|
- |
|
- |
|
- |
|
- |
|
|
| Nintendo GameCube |
|
1%
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|
| Total Consoles |
|
60% |
|
49% |
|
47% |
|
44% |
|
46% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PC |
|
12% |
|
10% |
|
10% |
|
11% |
|
10%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Wireless |
|
6% |
|
3% |
|
4% |
|
5% |
|
5% |
|
|
| Nintendo DS |
|
7% |
|
8% |
|
3% |
|
3% |
|
5% |
|
|
| PSP |
|
3% |
|
5% |
|
6% |
|
7% |
|
4% |
|
|
| Game Boy Advance |
|
1%
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|
| Total Mobility |
|
17% |
|
16% |
|
13% |
|
15% |
|
14% |
|
|
|
More at the link. I copied parts I thought would be of interest.
