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EA Biggest Publisher of 2008, Loses Money

bleahy
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Posted May 14, 2008 - By bleahy

Electronic Arts has closed their fiscal year and have posted income of $3.7 billion, but actually lost $454 million on the year. Their nearest competitor was Activision, with sales of $2.9 billion.

It's important to note, however, that most of this loss can be chalked up to EA buying BioWare and Pandemic for $620 million.

Going forward, EA will probably turn a profit unless they have to pay a ton of money for Take-Two.

Hit the jump for some stats on EA's sales.

  • 27 titles that sold more than one million copies (up from 24 titles in the prior year)
  • 15 double platinum (sold over 2 million copies) titles in the year (up from 10)
  • EA was the number one publisher across all platforms in North America with 19 percent share and in Europe with 20 percent share
  • On the Wii, EA was the number one third-party publisher in Europe in fiscal 2008 with 15 percent share (up eight points from a year ago) and in North America, EA had 11 percent share (up one point)
  • Pogo surpassed the $100 million mark in revenue (showing 41 percent growth)

John Riccitiello, EA's CEO, said, "A year ago, we committed to an aggressive change agenda at EA. Our employees stepped up to the challenge and we finished fiscal year 2008 with non-GAAP revenue up 30% to $4 billion -- a record for any third-party publisher. Our operating margins were flat to our prior year. On balance, we're very pleased with our revenue growth, but not yet happy with our profit margins."

GameDaily: EA Sees Sales Soar to $3.7 Billion But Suffers $454 Million Loss in Fiscal '08

Tags: Videogames
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