EA doubles Q1 revenues, troubled by $95 million loss
by Ludwig Kietzmann 
{ Jul 29th 2008 at 5:45PM }
EA's rise in sales can be attributed to the strong commercial performance of titles like UEFA Euro 2008, the "continued strength" of Rock Band and Battlefield: Bad Company, which managed to shift 1.6 million copies. "We are now seeing the early returns of the change agenda we started last year," stated CEO John Riccitiello. He went on to use words like "innovation" and "quality" to describe EA's forthcoming lineup, calling it "the best title portfolio in the company's history." We would totally agree, especially after experiencing the publisher's strong E3 showing ... but we're worried that doing so might just trigger Armageddon.
Reader Comments (Page 1 of 1)
Danny F. @ Jul 29th 2008 5:59PM
With the extra 80+ millions spent on research and development, as well as the couple of million of restructuring they did a while back, I'm sure they expected a loss in the end for the time being.
But compared to last year its a big difference to which the next quarter should look much more acceptable with the big jump in sales. I'm sure with Spore coming out they will be rolling in $$ soon.
gir @ Jul 29th 2008 6:10PM
I'm gonna sing the doom song now!
♪Doom doom doom doo doom doom♪
Mr.ESC @ Jul 29th 2008 6:17PM
*6 Months Later.
Would you please stop singing?
Vol @ Jul 29th 2008 6:13PM
This is just bad news when Bad Company can't help EA get over the hump.
Jack Tretton @ Jul 29th 2008 6:16PM
"The change agenda"? Jesus. EA deserves to lose double their Q1 loss.
Alikar @ Jul 29th 2008 6:20PM
Your comments are like your avatar. Blind.
Ludwig Kietzmann @ Jul 29th 2008 6:22PM
I don't think Jesus is going to comply with that request. He's played Mirror's Edge and loved it.
Jhongerkong @ Jul 29th 2008 6:25PM
Going with a $95mil loss must not be so EAsy.
Feel free to use that one.
Virtuous @ Jul 29th 2008 7:31PM
EA needs to stop buying companies and concentrate on improving the games already in their pipeline. NCAA Football was a disaster. The poor quality of their recent releases has dragged down their bottom line.
Bleu @ Jul 29th 2008 8:17PM
I hope they lose billions.
Geoff900 @ Jul 29th 2008 9:15PM
Yet EA still wants to buy out Take 2, I wonder why?...