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Need for Speed Undercover

Need for Speed Undercover

Available on :
Pc
Playstation 2
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Racing Game

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EA lost 1 billion last year

Posted on Wednesday, 6 May 2009 by Speed, source: Gamedaily
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revenue up 15%, losses up 100%
EA has announced its financial results and they're impressive (but on the negative side of things).

For the entire fiscal year, the publisher saw its losses more than double, up to an amount of over 1 billion dollars:

For the full fiscal year, Electronic Arts saw revenues of over $4.2 billion, an increase of 15 percent compared to the $3.7 the year previous. However, the company's losses more than doubled from $454 million (negative $1.45 per share) to $1.088 billion (negative $3.40 per share). The losses for this fiscal year include $368 million for goodwill impairment and $232 million in tax valuation allowances and $134 million against deferred tax assets.
EA expects next fiscal year to be profitable again but if you - as a company - manage to double your losses with a 15% increase in revenue (= sales) then I would really doubt your capabilities in management...
In other news:

2 Comment(s)

Anonymous

Anonymous

Idiots blowing shitload of money on average or short lived games. Seriously stop making music videos and getting real aqtors in your games and focus on making games that people would like to play at least 2 times before they regret spending 80$ on your game. NFS series, then warhammer (dear lord knows how many you payed for those rights just to clone WOW) and games like mirrors edge (good but only for 4-8 hours of gameplay, not worth buying until it hits 20$). EA sucks big time, market has spoken.
Idiots blowing shitload of money on average or short lived games. Seriously stop making music videos and getting real aqtors in your games and focus on making games that people would like to play at least 2 times before they regret spending 80$ on your game. NFS series, then warhammer (dear lord knows how many you payed for those rights just to clone WOW) and games like mirrors edge (good but only for 4-8 hours of gameplay, not worth buying until it hits 20$). EA sucks big time, market has spoken.
Quote
Posted on 17:32, May 06th 2009
Anonymous

Anonymous

^^^ This guy knows what he's talking about. *claps hands*
^^^ This guy knows what he's talking about. *claps hands*
Quote
Posted on 18:42, May 06th 2009
 

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