Slashdot Mirror

← Back to Stories (view on slashdot.org)

EA Posts $16 Million Loss, Looks to Next-Gen Games

Posted by Zonk on from the big-get-smaller dept.

kukyfrope writes "Electronic Arts recently released its preliminary financial results for the fourth quarter and fiscal year ended March 31, 2006. While net revenue was up 16 percent to $641 million for the fourth quarter, the leading video game publisher suffered a net loss of $16 million. During the same period last year EA posted net income of $8 million. 'We are well into the console transition and now have more than 30 next generation games in development,' said Warren Jenson, Chief Financial and Administrative Officer."

1 of 85 comments (clear)

  1. EA Blew It This Time Around by Anonymous Coward · · Score: 0, Troll

    Back when the Dreamcast was just about to launch to a few months before the PS2 was to hit the shelves the word throughout EA was essentially "We're not wasting our time with the Dreamcast".

    No matter what people think of EA's management they know how to stick with the winners in the console market over the past decade plus. They really blew it this time around by devoting resources to what everyone here knows is just another Dreamcast in the Xbox 360.

    Thankfully E3 is about here and the PS3 will hit the shelves a few months later and we can finally move on to the real start of next gen and making money. Pity about the Revolution naming fiasco - that hit us by surprise. One console future make our lives simpler with the PS3.