The publishing giant has revealed during their conference call that their fiscal third quarter saw over half a billion in loss, though period revenue beat ’07s.
They pulled in $1.65 billion but that still wasn’t enough. EA has announced they will now cut 11% of the global workforce, instead of 10%. Further bad news: 12 facilities are closing too.
”Our holiday quarter came in below our expectations and we have significantly reduced our financial outlook for fiscal 2009, a clear disappointment,” said CEO John Riccitiello.
FIFA 09, Rock Band 2, Need for Speed Undercover, Rock Band, Left 4 Dead, Dead Space, Madden NFL 09, LITTLEST PET SHOP, NBA Live 09 and Mirror’s Edge all drove sales for EA over the holiday period.
”We delivered on game quality and innovation in calendar 2008, with 13 titles rated 80 or above - more than any third-party publisher. We expect to build on this great quality record in the year ahead while delivering more profitability.”
Looks like Riccitiello is reloading his rifle… again.
Will EA stop this shrinkage anytime soon?Source: VG247
