EA trims Q3 loss
Electronic Arts narrowed its third quarter loss as revenue edged up in the three months ended December 31, 2011.
The publisher posted a loss of $205 million, or 62 cents a share, compared with a loss of $322 million, or 97 cents a share, a year earlier.
Revenue rose 0.8 per cent to $1.06 billion, with digital sales accounting for more than a quarter of the total at $274 million, versus $195 million a year ago.
CEO John Riccitiello said he was “pleased to report a strong holiday quarter driven by Battlefield 3, FIFA 12 and a strong showing by our digital games and services”.
Battlefield 3 and FIFA 12 each sold more than ten million copies during the quarter, while Madden NFL 12 has sold almost five million units life-to-date and Star Wars: The Old Republic has sold in excess of two million copies in six weeks.
The Wall Street Journal reports that EA shares fell 2.7 per cent to $17.95 after hours as the company projected a downbeat fourth quarter profit of about 10 cents to 20 cents per share, with $900 million to $950 million in revenue.