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Losses reduced for the first quarter as EA completes cost cutting measures and witnesses strong sales...
- EA Posts $816m Q1 Revenue
- The Sims 3 Shifts 3.7m
- FIFA Ultimate Team Drives Digital
Strong sales of The Sims 3, EA Sports Active and Fight Night Round 4 helped EA to narrow its losses for the fiscal first quarter ended June 30th 2009.
EA's non-GAAP revenue for the period rose by 34% to $816 million compared with $609 million in the previous year. Gross profit for the period stood at $499 million with operating expenses of $510 million, leading to an operating loss of $11 million compared with a loss of $245 million for the same period in the prior year. As a result, EA narrowed its net loss for the period significantly from last year's $234 million loss to a net loss of $6 million.
The report highlighted the fact that video game sales dropped by an estimated 10% in Europe and by 12% in North America compared to last year, decreases that EA admitted were "softer than expected" and attributed to fewer hardware sales. EA also highlighted the sudden drop-off in the music genre, which decreased by 52% compared to last year.
We have the right priorities: drive hits in the core, focus on the Wii, expand our digital services, and control costs.
John S. Riccitiello
EA CEO
Despite the decline, EA expects the full year to show growth on last year, fuelled by "great titles, hardware catalysts and easier compares". As a result, EA is remaining to previous guidelines for the duration of the year. Non-GAAP net revenue is expected to come in at $4.3 billion; operating expenses are likely to stand at $2.1 billion
Sales of The Sims 3 surpassed 3.7 million units, outpacing The Sims 2 by more than 25% compared to similar periods. EA's foray into the fitness genre saw sales of EA Sports Active pass more than 1.8 million units making it their biggest selling Wii title to-date, although there's still some way to go if it wants to take Wii Fit's crown. Fight Night Round 4 sold more than 1.7 million units in the final two weeks of the quarter, and became EA's highest rated title so far this year. In addition, Tiger Woods PGA Tour 10, The Godfather 2 and Harry Potter and the Half Blood Prince each sold more than one million copies during the period.
Looking at the digital service saw EA generate $124 million in non-GAAP revenue, representing a 38% increase year-on-year. Of this figure, $31 million was attributed to sales of digital content, a twofold increase over last year and largely attributed to demand for the FIFA 09: Ultimate Team package which generated over $12 million. Subscription revenue was $36 million, an increase of 33% year-on-year due to Warhammer Online.
Within the report, EA Sports' Peter Moore confirmed that the PS3 and Xbox 360 versions of Grand Slam Tennis have been delayed, in order for the team to concentre on a forthcoming expansion to EA Sports Active due for release in time for Christmas. Moore also confirmed that Madden Arcade will be following later in this year in a similar vein to NHL 3-on-3 Arcade.
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Game Information
Available On:
PC, 360, PS3, Wii, DS, 3DS
| Release Date: | Players: |
|---|---|
| Out Now | |
| Publisher: | Genre: |
| The Sims | Sim |
| Developer: | PEGi Rating: |
| EA Maxis |
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Added:Tue 18th Jan 2011 01:43, Post No: 803
post799,
the sims3 is better on the pc than the consoles. it has way more content, and it is just much nicer to play with a mouse and keyboard.
this is pretty much the only game i'd recommend the pc for rather than consoles though haha.
Added:Fri 10th Dec 2010 22:08, Post No: 802
I am extremely surprised taht EA Games allowed for this to hit the selves in the poor condition that it is in................I have not heard one person speak of anything good ......everyone seems to be experiencing the same problems.....never mind all the stupid glitches of sims who can't work or get stuck in walls and dirty dishes showing up at random places........refirdgerators not being accessable............even my neighbours refridgerator was not working people starving and dropping dead everywhere........once you get to third generation the wii simpley freezes any time that you try to save it.....you can't build anything as it keeps telling you that it is a fire hazard (why give us the option then)..... then my wii stop reading the disk all together........... and now EA games isn't even taking any responsibilty for this.............. they should send out a recall before people run out to buy it as a gift for their loved ones who obviously will be extremely dissapointed........... They are ignoring the issue now just so they can still make money from the christmas rush which is pretty low on their part........... many parents don't have the income to buy stuff like this often and to save money to buy something that doesn't work and obviously EA games must know about the ongoing issues is pretty low on their part............... boo!!!!! :( to EA games on rushing out a product without properly testing it on the appropriate platforms...............
Added:Fri 10th Dec 2010 13:55, Post No: 801
plssssss wrh download
Added:Mon 06th Dec 2010 04:23, Post No: 800
I have had nothing but problems with the sims 3 for wii
there are so many glitches that its frustrating to play, which sucks cause the sims is so fun.
i cant buy ANYTHING because it says my free space is full and its a fire hazord..
so i sold everything i owned even my HOUSE. to clear my free space. and i still can not do anything.
random dirty dishes pop up on in random places so then i cant use the item that its placed by.
(like the fridge. you cant open it, sell, or delete it. so you have to have more than one fridge after it happens.)
my sims turn invisible sometimes and i can see their thought bubbles but i can see their bodies.
my sim walked passed a trash can and got stuck in it haha.
its seriously mind boggling that there are so many problems. and i have read many sites that have reviews and a lot of them have the exact same problems i have..
its almost like EA had a deadline to be done by and they didnt reach it so they just put it on the shelves anyway unfinished.
i definitly reccoment waiting to see if they recall it or just get it for the PC.... cause it sucks.
Added:Sun 14th Nov 2010 00:11, Post No: 799
I WOULD LIKE TO KNOW IF THE SIMS 3 IS BETTER ON PC OR XBOX??
Added:Fri 05th Nov 2010 21:43, Post No: 798
can anyone help me with passing the time? *looks around* guess not...it comes out on the 17 for wii where i live and its only the fifth...soo...yeah... plus i knew about it since may so ive been waiting awhile...feels like im bout tew pop...
Added:Fri 05th Nov 2010 21:41, Post No: 797
what can i do to pass the time...*sigh*
Added:Fri 05th Nov 2010 20:08, Post No: 796
fffffffffffffff
Added:Tue 02nd Nov 2010 12:48, Post No: 795
i love this game !
Added:Mon 02nd Aug 2010 16:57, Post No: 794
i cant wait til it comes out!!!!!!!!!!!!!!!!!!!!!!!