EA Announces Latest Earnings

EA has announced its financial earnings for Q4 and fiscal 2009 that ended on March 31, 2009. According to the game publisher, net revenue for Q4 was $860 million, down a whopping $267 million from the $1.13 billion the previous year. That sort of answers the question on is the economy hurting the entertainment industry.

EA says that its sales for the year were driven by Skate 2, Rock Band 2, The Lord of the Rings: Conquest, Left 4 Dead, and Need for Speed Undercover. The GAAP net loss for Q4 was $42 million compared to a $94 million loss the year before.

Total revenue for EA for the year was $4.212 billion, up 15% from the previous year's total of $3.665 billion. EA says that it had 31 titles that sold more than a million copies each for the year with FIFA 09, Madden 09, and Need for Speed Undercover each selling five million copies.

Via EA

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