Video Game Reviews

Web Sponsor

Latest Game Videos LATEST VIDEOS

Announcement Trailer
World of Final Fantasy
Announcement Trailer
E3 2015 Trailer
Yoshi's Woolly World
E3 2015 Trailer
E3 2015 Trailer
Xenoblade Chronicles X
E3 2015 Trailer
E3 2015 Trailer
Super Mario Maker
E3 2015 Trailer
E3 2015 Trailer
Star Fox Zero
E3 2015 Trailer
E3 2015 Trailer
Skylanders SuperChargers
E3 2015 Trailer
More Game Videos »

Stories Around the Web STORIES AROUND THE WEB

Web Sponsor


Which upcoming game/s are you most excited about?

See Results & Poll History


Advertising provided in part by:


1. Trackmania Turbo (PC)Nov. 27, 2015
2. Trackmania Turbo (PS4)Nov. 27, 2015
3. Trackmania Turbo (XB1)Nov. 27, 2015
4. XCOM 2 (PC)Nov. 2015
5. Just Cause 3 (PC)Dec. 1, 2015
6. Just Cause 3 (PS4)Dec. 1, 2015
7. Just Cause 3 (XB1)Dec. 1, 2015
8. HITMAN (PC)Dec. 8, 2015
9. HITMAN (PS4)Dec. 8, 2015
10. HITMAN (XB1)Dec. 8, 2015

More Releases »

EA posts $381 million net loss for Q2 2012, but sees strong digital growth

NEWS | ? Comments |

Author: Nicholas Greene  

Electronic Arts's Q2 financial results are in, and while things aren't perfect, it seems as though everything is going better than expected. 

"EA is performing well, once again beating street consensus in fiscal Q2," said CEO John Riccitello, "We delivered another quarter of sharp digital growth, with digital revenue up 40% compared to the same period last year, reflecting our strength across multiple brands and channels."

CFO Blake Jorgensen had a bit to say about the second quarter of 2012, as well.

EA posts $381 million net loss for Q2 2012, but sees strong digital growth

"We delivered a very strong performance in the second quarter, backed by great performances from our EA SPORTS titles," stated Jorgensen. "We are forecasting annual non-GAAP EPS growth of at least 25% at the midpoint of our guidance, and Operating Cash Flow of over $400 million." 

In other words, things are going very, very well for the organization in the digital arena, with record number of players engaging in the online features and content downloads of their most recent EA SPORTS entries, as well as Battlefield.

Everything wasn't all sunshine, however. EA also experienced a net loss of $381 million ($41 million more than the same quarter a year ago). That aside, however, things aren't looking too bad for the organization–at least, to hear them tell it.

We'll see how things go in Q3 and Q4.

Source: Press Release

Posted on: 10/31/2012 | ? Comments
Tags: EA, Electronic Arts, EA SPORTS, loss, perdidas, digital, sales, ventas, digitales, financials, finanzas, Video Game News
Nicholas Greene

A gamer at heart, Nick started writing when he was a child. He holds a BA in English, works as a freelancer, and loves every minute of it. One day, he hopes to net himself a career in game design - but that's something for the future.

The views of GameDynamo's writers are not necessarily the views of the website as a whole. However, we support freedom of speech and enjoy diverse opinions about video games. Hopefully you do too!

[Other Gaming News +]



comments powered by Disqus