As we reported this morning, things are looking a little precarious peering into EA’s giant Scrooge McDuck-esque money vault, with the publishing juggernaut losing $322 million last calendar year. There is a silver lining in their financial downturn, however, but only if your name is Sony.
EA software on the PS3 was up 19% last year, while sales on Microsoft’s platform fell 18%. The result has Sony and Microsoft now roughly level-pegging ($282m and $285m, respectively) in terms of EA sales spread.
EA have been strong proponents of the PS3 of late, with the publisher choosing to showcase new titles at last year’s E3 on Sony’s platform rather than its closest rival’s. With their latest figures suggesting the two platforms are now on par sales-wise, expect that relationship to continue.
Person678
Blimey. Dead Space 2 should help those finances, all anyone has been talking about. Plus The Old Republic is launching this year, will be interesting to see the revenue it generates.
p9ul
Mass Effect 2 should also improve Sony’s figure for this year as that will already be included in the figure for Microsoft.
Grey_Ghost13
Do we know what constitutes the loss? Is it an operating loss or through acquisitions?
Good news about the level pegging though on the console spread though.
Kovacs
$600m stock buy-back. $154m restructuring cost. It’s all here:
http://files.shareholder.com/downloads/ERTS/1151487520x0x438259/f1f7141a-ca3d-4fd5-b83d-b3ed09241625/Q3%20FY11%20Earnings%20Release-Tables%20FINAL.pdf
Warning: bring caffeine.
Bilbo_bobbins
Thats a big loss, how the heck can they lose that amount of money with some of the big titles they released last year?
kivi95
Marketing must have cost them much money.
Kovacs
$553million (It’s all in the document)
Tuffcub
Please remember it’s dospunkument here on TSA.
cam the man
Considering there are quite a few more 360’s out there Sony should be pretty pleased.
simplebob
Just bought Dead Space 2, Dragon Age 2 is on preorder and Mass Effect is top of my “buy when I have the spare cash/time” list. Definetly liking some of the EA franchises at the moment.
Charmed_Fanatic
I can see Sony rising even more with the impressive games this year [Mass Effect and Dead Space already!]
TURRICAN-808
Considering the XBOX360 has a one year head start on the PS3, not too bad. This time next year the PS3 could be ahead…