Home / Business / Riccitiello not pleased with EA financials

Riccitiello not pleased with EA financials

The super-publisher has revealed its fiscal results for the period ended June 30th, a set of results described as ‘not acceptable’ by head honcho John Riccitiello in a conference call reported by



EA confirmed that that net revenue for the quarter was $395 million, down four per cent year-on-year. Gross profit for the quarter was $229m, a drop of seven per cent when compared to last year. Net losses stood at $132m, a considerable rise from last year’s figure of $81m.

Leading software performers include Harry Potter and the Order of the Phoenix, Command and Conquer 3, The Sims 2 Pets, Need for Speed Carbon and The Sims 2.

Point blank, this cycle is developing quite differently than the last cycle,” said CEO Riccitiello. The next-gen hardware build is going a little more slowly.”

He also singled out Wii as having ‘unexpected strength’ and added that ‘The PS3 hasn’t – yet – performed as well as we expected it to. That probably has a bigger impact than any other factor on our margins.’

About MCV Staff

Check Also

THQ Nordic acquires German studio Piranha Bytes and the IPs Gothic, Risen, and ELEX

"There are situations in life where you think to yourself 'This feels right'"