PS2 News: EA announces financial report - PS2 News

Members Login: Register | Why sign up? | Forgot Password?

EA announces financial report

  Electronic Arts posted earnings of $47.3 million (33 cents a share) for the fourth quarter today. Along with this, they reported $101.5 million (71 cents a share) for the year ending March 31. Last year EA exhibited a fourth-quarter loss of $17.9 million (13 cents a share) and a year-end loss of $11.1 million (8 cents a share). Software titles based on the Harry Potter movie sold 9 million units and greatly contributed to EA's earnings. Also, displayed a heavy amount of success and is also credited with aiding EA's report.

   "We increased revenue 83 percent for the year, and we reduced our operating expense run rate by over $15 million per quarter, compared to the fourth quarter last year," he said in a statement. "Our challenge for the coming year is to continue to monetize the extraordinary traffic and stickiness of our site through increased advertising and the release of key new subscription products."

   Sales for the quarter and the year were $469.7 million and $1.73 billion, respectively. This compares with $303.7 million and $1.32 billion a year ago.

5/11/2002 Matt Stensrud

Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous

New Comment System

Legacy Comment System (0 posts)

There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Our Poll

Who's the best game character?
Nathan Drake
Master Chief
Donkey Kong
Solid Snake
Lara Croft

Previous Poll Results