EA’s Sales Top $3 Billion Last Year
By Ron on Wednesday, May 9th, 2007 at 4:54 PM PST In Electronic Arts, Game Companies, Games Industry
In the fiscal year that ended March 31st, Electronic Arts showed sales of $3.1 billion, an increase of 5% over the previous year. However, the increased sales don’t tell the whole story. Profits for the same time frame fell from $236 million last fiscal year to $76 million this year. Now, no reasons are given for this, but one would infer that the production and launch costs of the PS3 can’t be helping the bottom line any.
EA is positive about the outlook, however. Warren Jenson, CFO of EA, said, “We have a strong line-up for the year ahead. We expect to launch more than fifteen games based on wholly owned properties including Medal of Honor Airbourne, Army of Two, Boogie, My Sims, Battlefield Bad Company, Skate and Need for Speed.” While all company officials are positive in reports like this, I have to admit that is a pretty impressive list of upcoming titles.
