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Net revenue is down sixteen percent to $365 million, from $432 million the previous year. The big performers in EA’s catalogue were Medal of Honor European Assault and Battlefield 2, both reaching platinum status with over a million copies sold in the quarter. Games reaching over half a million sales for the quarter were Batman Begins, FIFA Street, MVP Baseball 2005 and Need for Speed Underground 2.
For the quarter, net loss was $58 million compared to a net income of $24 million the previous year.
“Our teams continue to set the standard for high quality development and marketing excellence in our industry,” said Larry Probst, Chairman and Chief Executive Officer. “Battlefield 2 is an exceptional creative achievement and a ground-breaking online experience.“
“We are taking our portfolio to new and exciting platforms,” said Warren Jenson, Chief Financial and Administrative Officer. “EA was number one on the PSP in June and this quarter we expect to launch six games for mobile phones.“
Highlights
- Battlefield 2 reached platinum status in just two weeks.
- EA has 26 percent revenue share on the PSP in North America since launch.
- EA’s agreement with John Madden was renewed for 12 years.
- EA has entered a multi-year relationship with Valve to deliver games, including Half-Life 2 for the Xbox.
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