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Old 05-07-09, 04:05 AM   #1
Ancient76
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Default EA Reports $1 Billion Loss

http://ve3d.ign.com/articles/news/46...1-Billion-Loss

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Knowing how terrible today's figures would be, EA has cut thousands of jobs and closed several studios over the past few months:

GAAP net loss for the year was $1.088 billion as compared with a net loss of $454 million for the prior year. Diluted loss per share was $3.40 as compared with a diluted loss per share of $1.45 for the prior year. Fiscal 2009 GAAP results include a $368 million non-cash charge for goodwill impairment and a non-cash charge for tax valuation allowances consisting of $232 million related to deferred tax assets that existed as of the end of Fiscal 2008 plus an additional $134 million against deferred tax assets recorded during Fiscal 2009.

Fiscal 2009 Highlights:
EA had 31 titles that sold more than one million copies in the year – as compared with 27 titles in the prior year.
FIFA 09, Madden NFL 09 and Need for Speed Undercover each sold over five million copies in the year.
EA Partners posted its strongest year ever driven by Rock Band, Rock Band 2 and Left 4 Dead. Rock Band, in partnership with MTX/Harmonix, was EA’s highest revenue producing title during the fiscal year.
EA strengthened its portfolio by launching new games – SPORE, Warhammer Online: Age of Reckoning, Dead Space, Mirror’s Edge, Boom Blox, Mercenaries 2 and a slate of Hasbro games.
SPORE sold over two million copies with users generating more than 100 million creatures.
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 in June. Also in June, Tiger Woods PGA TOUR 10 and EA SPORTS Grand Slam Tennis – both bundled with the Wii MotionPlus 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 achieved an all-time high of 1.8M paying subscribers for the fiscal year.
EA recently launched the open beta of EA SPORTS FIFA Online 2 in China -- the Company’s first online game in China.
EA Mobile, 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.

Falling into the lowlights is the news that Warhammer Online only has 300,000 active subscribers - a far cry from the 1 million target Mythic hopes to achieve by September 2009.
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Old 05-07-09, 11:20 AM   #2
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Default Re: EA Reports $1 Billion Loss

These companies really need to rethink things if they can sell millions of copies of a game and still lose money.

I sense a Wii-like revolution again soon, where we start getting much simpler games.
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Old 05-07-09, 11:54 AM   #3
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Default Re: EA Reports $1 Billion Loss

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Originally Posted by NarcissistZero View Post
These companies really need to rethink things if they can sell millions of copies of a game and still lose money.

I sense a Wii-like revolution again soon, where we start getting much simpler games.
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Old 05-07-09, 12:12 PM   #4
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Default Re: EA Reports $1 Billion Loss

They lost money by making one of best games around like Mirror's Edge and Dead Space. I'm surprised to see that NFS: Undercover sold so many copies.
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Old 05-07-09, 12:29 PM   #5
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Default Re: EA Reports $1 Billion Loss

surprised? why there a lot of kiddos on the you know what.
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Old 05-07-09, 12:38 PM   #6
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Default Re: EA Reports $1 Billion Loss

Well let's see PC gaming has been neglected by the EA sports franchise this year entirely. Then we have all the bad ports to PC. If they released some quality products to the PC maybe they'd sell more PC games.

Thats what happens when you neglect one of the biggest gaming platforms though.
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Old 05-07-09, 12:45 PM   #7
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Default Re: EA Reports $1 Billion Loss

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Originally Posted by mailman2 View Post
Well let's see PC gaming has been neglected by the EA sports franchise this year entirely. Then we have all the bad ports to PC. If they released some quality products to the PC maybe they'd sell more PC games.

Thats what happens when you neglect one of the biggest gaming platforms though.
I really doubt the PC is that relevant in this.
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Old 05-07-09, 12:55 PM   #8
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Default Re: EA Reports $1 Billion Loss

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Originally Posted by Butter Bandit View Post
EA just got too big, and too bloated. Their games seem to be selling well, but they're STILL losing massive amounts of money.
I agree.

If you sell 50+ million games in one year and you end up twice as far in debt as you were the previous year, something is wrong with the company. Not the games or the sales.
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Old 05-07-09, 01:12 PM   #9
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Default Re: EA Reports $1 Billion Loss

I have a feeling the CEO and higher ups have something to do with it
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Old 05-07-09, 01:22 PM   #10
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Default Re: EA Reports $1 Billion Loss

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Originally Posted by NarcissistZero View Post
I really doubt the PC is that relevant in this.
EA: The PC is 'Rapidly Becoming the Largest Gaming Platform in the World'

During a quarterly earnings call, Electronic Arts executives expressed their optimism for the digital download market on reports of strong financial progress in the sector.

EA CEO John Riccitiello reported that the company had seen its digital direct revenue grow to $400 million in the last fiscal year, while CFO Eric Brown noted that digital game distribution alone nearly doubled in revenue year-over-year to $80 million.

"This is a big year for us," said Brown. "The online part of our business is growing as much as 60% year over year."

"In terms of distribution, the way we look at a lot what's happening in the future is, we've got probably a billion PCs out there in the world," he continued. "Very rapidly the PC is becoming the largest gaming platform in the world, just not in a packaged-good product."

"As you look at what that means in terms of distribution of product, we think that's incredibly exciting because it's going to open the market to new demographics, new countries and new types of gameplay," he added.

http://www.shacknews.com/onearticle.x/58497
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Old 05-07-09, 01:31 PM   #11
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Default Re: EA Reports $1 Billion Loss

Wow, and last year saw some great titles like Dead Space and Mirrors Edge. That rumor about Apple buying them might come true.
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Old 05-07-09, 01:33 PM   #12
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Default Re: EA Reports $1 Billion Loss

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Wow, and last year saw some great titles like Dead Space and Mirrors Edge. That rumor about Apple buying them might come true.


I sure hope not...
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