Today according to IGN, EA has suffered a financial loss of $641 million
over the third quarter of the financial year and will soon be looking
shutting down 12 of their operating facilities that will negatively affect over 1,000 jobs.
In 2008 EA introduced some new IP's to the market in such titles
as Mirror's Edge, Dead Space and Battlefield: Bad Company which have
all sold over a million copies. From industry reviews and my own
personal experience EA has definitely stepped the quality of their
games way up from past years. In fact according to VGChartz, Battlefield: Bad Company is nearing the 2 million sold mark.
Nevertheless, while all this is good news, it has not been nearly
enough to help EA dig out this deep financial hole.
According to IGN;
"Our holiday quarter came in below our expectations and we have
significantly reduced our financial outlook for fiscal 2009, a clear
disappointment. We delivered on game quality and innovation in calendar
2008, with 13 titles rated 80 or above - more than any third-party
publisher. We expect to build on this great quality record in the year
ahead while delivering more profitability." said CEO John Riccitiello
in a recent call up picked by gamesindustry.biz
With this kind loss there is no guess work needed on why EA has
announced that they will be bringing more major titles to Nintendo's
industry leading Wii platform. The article also states that Dead Space
and Battlefied: Bad Company are also headed to the Wii.
These financial woes are unfortunate for EA, however Wii users will definitely have a lot to look forward to.
Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.
Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.
The stock mark is what makes Microsoft remarkable, They have convinced every institutional and retail investor to just keep piling money into them. Like many big tech giants they are just a big growing pyramid scheme. As long as people keep dropping money into ETF's that cover the market Microsoft will always be liquid. At the same time it is completely stifling innovation and competition. People need to start being more discreet in how they invest their money as it's killing the system.
Riiiiight because people will just flock back to them for one or two games per year.
15+ years of bad performance is what they call irreparable in business. It is time for them to sell off the assets and get out of entertainment.
These declines are on the back of extra revenue received from releasing games like Forza horizon 5 on PlayStation. So I’m being sarcastic here when I said they should go back to exclusives. Killing off a revenue stream from Ps5 sales will only make things worse
The charity event will be streamed live from Gamescom in August.
Thanks to the slip-up of an artist working on the title, we now have more evidence that a new Injustice game is in the works.
You gotta feel sorry for them, EA finally get their act together and post a massive $641mil loss, I guess I didn't help, I only bought 2 of their titles in Battlefield and FIFA 09, have looked at getting Mirror's Edge for a while though, just want the game to justify the purchase.
The thing that has to be asked too is, if a game is breaking the 1mil sold mark and is still unprofitable, then how many do they need to sell in order to BE profitable.
I really hope EA can come through this one, as they are certainly a company on the rise now after really slacking off.
I got to admit after I played Dead Space I hope to christ they can survive this.
on deadspace downloadable content i love the scorpion suit.
"EA SPORTS ITS SORTA NOT IN THE GAME"