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Forums - Sales - EA Posts Fiscal Q3 Net Loss of $641 million

Might order 1 million copies of Lord of the Rings.

That seems... high. Unless retailers are allowed to return product.



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Platform Net Revenue Mix (as a % of Net Revenue)
360 16%
PS3 13%
Wii 11%
PS2 8%
PC 7%
DS 7%
Wireless 3%
PSP 2%

Highlights


EA was the leading publisher in North America with approximately 20 percent segment share according to NPD. In Europe, EA was number two behind Nintendo with an estimated 16 percent segment share.

EA had 13 titles rated 80 or above in calendar 2008 – up from seven a year ago.

FIFA 09 was EA’s best selling title with 7.8 million copies and charted at number one across all platforms in Europe in the holiday quarter.

Rock Band was the number one title across all platforms in North America for calendar 2008, based on NPD data.

Need for Speed Undercover sold 5.2M copies. For fiscal year 2010, the Company will launch three separate versions of Need For Speed (NFS), NFS Shift for the PLAYSTATION®3 computer entertainment system and Xbox 360® video game and entertainment system, NFS Nitro for the Wii™ and Nintendo DS™ and NFS World Online for the PC.

LITTLEST PET SHOP sold 2.8 million copies on the Nintendo DS, Wii and PC. In the holiday quarter, it was a top-five title on the Nintendo DS in Europe and North America, based on NPD data.

Warhammer® Online: Age of Reckoning®, an MMO from EA’s Mythic Entertainment studio, ended the quarter with over 300K paying subscribers in North America and Europe.

EA’s digital direct-to-consumer revenue, which includes online and wireless, was $313 million year-to-date, up 27 percent year-over-year.
Pogo™ achieved an all-time high of 1.7M paying subscribers in the quarter.

EA Mobile™ is the world’s leading publisher of games for phones – with revenue of $50 million in the quarter – up 28 percent year-over-year.

The Company updated its fiscal year 2009 guidance and provided initial guidance for fiscal year 2010.

The CFO said it expects to develop about 20 percent fewer titles in fiscal 2010 from 2009.



 “In the entertainment business, there are only heaven and hell, and nothing in between and as soon as our customers bore of our products, we will crash.”  Hiroshi Yamauchi

TAG:  Like a Yamauchi pimp slap delivered by Il Maelstrom; serving it up with style.

Demotruk said:
FishyJoe said:
darthdevidem01 said:

@fishyjoe & MANUELF

Dead Space has sold almost 1.5 Million PS360 combined

Mirror's Edge has gone past 1 Million both combined

please do not give me those excuses

EDIT: we aren't even taking into account the PC games sales ATM

 

Well they lost a fuckton of money on something. I kinda doubt it was Littlest Pet Shop.

 

Restructuring. It's in the report. They made an operating profit that wasn't as high as they had hoped, but it's the restructuring that caused them to have a net loss.

 

Not quite. They posted $304 million operating loss.



darthdevidem01 said:
its so funny as soon as any company looses money

everyones like

HD CONSOLES ZOMG HD CONSOLES FTL!!!!

Please tell me which HD console games EA could've made a loss on?

what games came out Q3?

Mirrors Edge was probably a big one.   It had adds and everything.

Though as was said.  It was likely just restructuring that cost.

 



celine said:

The CFO said it expects to develop about 20 percent fewer titles in fiscal 2010 from 2009.

OUCH for gamers, hopefully they are speaking of yearly games and not new games

 



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Come on guys, read the article:

Excluding costs related to restructuring and other special items, it had a profit of 56 cents a share, far short of analysts' expectations of 88 cents a share, according to Reuters Estimates.

Now we just have to find out what those special items were.

 



My Mario Kart Wii friend code: 2707-1866-0957

darthdevidem01 said:

@fishyjoe & MANUELF

Dead Space has sold almost 1.5 Million PS360 combined

Mirror's Edge has gone past 1 Million both combined

please do not give me those excuses

EDIT: we aren't even taking into account the PC games sales ATM

Mirrors Edge had quite the bit of tv advertising... and had some new gameplay concepts.  It likely cost a lot more then you think.

 



revenue 1.65 billion, loss .64 billion. therefore they spent nearly 140% of their income. *jaw drops* just wow.

that's some pretty impressive restructuring. i hope every employee got a fee console are something ridiculous like that.



MANUELF said:

celine said:

The CFO said it expects to develop about 20 percent fewer titles in fiscal 2010 from 2009.

OUCH for gamers, hopefully they are speaking of yearly games and not new games

 

EA also revealed it would reduce its slate of planned SKUs by 30 percent -- excluding its EA Partners titles, the publisher will launch 50 titles, or 125 SKUs, in its fiscal 2010, as opposed to 149 SKUs in fiscal 2009. 

 



 “In the entertainment business, there are only heaven and hell, and nothing in between and as soon as our customers bore of our products, we will crash.”  Hiroshi Yamauchi

TAG:  Like a Yamauchi pimp slap delivered by Il Maelstrom; serving it up with style.

@kas

fine but everyone is acting as if the whole 600 Million loss is from PS360



All hail the KING, Andrespetmonkey