PS2 News: First quarter profit for EA - PS2 News

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First quarter profit for EA

  Electronic Arts announced today financial profit for the first quarter of the year. Revenue was up 82% compared to last year and totaled $331.9 million, opposed to $182 million for the same period a year ago. Electronic Arts released four PS2 games during this period, along with two for the Xbox, two on the GameCube, two on the PC, one for the PSOne, and one for the GameBoy Advance.

   "Looking ahead, we are excited about the industry's and Electronic Arts' growth prospects. We're still in the early stages of the new console cycle and we're seeing consumers enthusiastically embrace the new systems. We have a strong portfolio of products to be released during the year including our unparalleled sports franchises such as Madden NFL 2003 and FIFA Soccer 2003 as well as The Lord of the Rings, The Two Towers, Harry Potter and the Chamber of Secrets, SimCity4, Need for Speed Hot Pursuit 2, Command & Conquer Generals and The Sims Online, to name a few. With our portfolio of products and proven execution capabilities, we are well positioned to enjoy continued growth and leadership in the coming years," said Larry Probst, Chairman and Chief Executive Officer of Electronic Arts.

7/26/2002 Matt Stensrud

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