EA announces latest financial results
Electronic Arts has revealed its latest financial numbers, this time for the time period between October 1 and December 31, 2010. EA's press release stated the publisher brought in $1.410 billion in revenues, which is slightly higher than the $1.346 billion in revenues it had for the same period a year ago. However the company posted a net lost of $322 million for the quarter which was much higher than the loss of $82 million for the same period a year ago.
EA's biggest two game releases for the last quarter, the first person shooter Medal of Honor and the racing game Need For Speed Hot Pursuit, each sold over five million copies so far, according to the press release. EA also announced plans to buy back $600 million of its stock over the next 18 months. The publisher will be holding its quarterly conference call with investors at 5 pm.
EA's biggest two game releases for the last quarter, the first person shooter Medal of Honor and the racing game Need For Speed Hot Pursuit, each sold over five million copies so far, according to the press release. EA also announced plans to buy back $600 million of its stock over the next 18 months. The publisher will be holding its quarterly conference call with investors at 5 pm.




