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.
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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.