EA Post $42 million Loss

EA’s financial report surfaced late last night, and here’s the main nuggets of information TheSixthAxis readers will be most interested in.  Essentially, despite losses of $42 million, or 13 cents a share, in the last financial quarter, these losses were narrower than expected and EA affirmed its outlook for the current fiscal year, sending shares up 1.5 percent.  EA said it still expects earnings (excluding certain items) in fiscal 2010 of $1 a share on adjusted revenue of $4.3 billion.

The company had 31 titles that sold more than one million copies, which is amazing, with FIFA 09, Madden 09 and Need For Speed Undercover each selling over five million.  EA Partners, with Rock Band, Rock Band 2 and Left 4 Dead posted its strongest ever year too.  EA also launched some new IPs, including TSA favourite Dead Space, and EA Mobile, the world’s leading publisher of games for wireless, delivered non-GAAP revenue of $189 million for the year – up 24 percent year on year.

Great news, especially in the current climate.