Electronic Arts reported an increase in losses and a drop in revenues for its fiscal first quarter ended June 30, 2009, but the publisher still managed to beat expectations.

Net loss totalled $234 million (£138.3m), compared with $95 million the prior year, while net revenue, which was driven by The Sims 3, EA Sports Active and Fight Night Round 4, came in at $644 million (£380.6m), down from $804 million.

Adjusted for deferred revenue, sales rose 34 per cent to $816 million (£482.3m). Excluding restructuring charges and other costs, the firm lost two cents per share in the quarter, less than many analysts had anticipated.

"Good execution delivered better-than-expected financial results in the first quarter," said company CEO John Riccitiello. "We are very pleased with the success of both The Sims 3 and EA Sports Active."

Chief financial officer Eric Brown added: "Our Q1 performance was driven by our previously announced cost-cutting initiatives and a strong frontline slate. We had a solid Q1 both top and bottom line and we are focused on delivering the balance of the year."

Net revenue for the full fiscal year is expected to total $3.7-$3.85 billion (£2.19-£2.28b), consistent with the company's previously provided guidance.

Picture credit: EndSights