EA’s Revenue Falls, Outlook Brightens

Videogame maker Electronic Arts sunk deeper into loss in its fiscal first quarter thanks to falling revenue, a situation brought on by EA’s taking deferred revenue into account. However, EA has also managed to do better than Wall Street expectations would have had the company doing thanks to the popularity of its Sims 3 game and various Wii titles.
 
According to EA’s CFO Eric Brown, the company is expecting to grow in the second half of the calendar year, especially in its digital services unit. He has expressed confidence in EA’s big-ticket products, stating that EA’s most important titles are selling …read more