EA Reports Slight Q4 Dip in Revenue

EA reported their quarterly revenues today, and despite anticipating a serious decline they managed to hit relatively close to expectations, according to Gamespot. Overall profits for the year were also up, cracking 3 billion dollars for the first time. From the article: "EA said it had 31 titles which sold more than a million copies during the fiscal year, and five franchises that sold more than five million. The Sims, Need for Speed, Madden NFL Football, FIFA, The Lord of the Rings, and Harry Potter. The Sims franchise sold more than 16 million games across all platforms during the year, with the Need for Speed franchise selling a whopping 15 million copies."

Comments

EA Business practices

[phloydphreak]

$3bln in PROFITS!? That means that it can afford to pay their ~1500 programmers an additional $500,000 a year and still have $2bln in profits, or hire additional employees. EA's business practices have been blatantly attacked by their own employees, so much so that they are sueing them. This is retarded and should be foremost in the investor's minds. Too bad the profit motive doesnt include any motive for humane working conditions.