Electronic Arts announced its fourth quarter earnings today, pulling in $860 g2g1bet million in revenue, resulting in a loss of $42 million for the three months ending March 31st. EA’s annual losses totaled $1.088 billion.
The company’s quarterly revenue was down by 24% year-over-year, PG SLOT as EA pulled in more than a billion dollars during the same quarter last year. But it saw decreased losses compared to the $94 million deficit it felt in Q4 2008. New multi-million selling games were a big help.
EA credits its ability to bleed less cash with a number of factors. Strong sales from Skate 2, Rock Band 2, The Lord of the Rings: Conquest, Left 4 Dead and Need for Speed: Undercover helped with revenue, for example, while serious PG SLOT cuts to its business and “investments in our digital service businesses” will help with the company’s current fiscal year. The company highlighted a handful of its multi-million sellers as key drivers.
FIFA 09, Madden NFL 09 and Need for Speed Undercover each sold over 5 million copies in the year, according to the company, with Spore moving over 2 million copies. In all, Electronic Arts had 31 games that sold a million copies or more during its fiscal year.
EA also highlighted a boost in quarterly revenue from its Wii product line, with “14% of its total non-GAAP revenue” coming from titles published for Nintendo’s platform. That’s up from 8% last year’s fourth quarter.