Earnings: Electronic Arts Slims Q2 Loss; Deferred Revenue Boosts Top Line

This story was written by David Kaplan.
Video gamer Electronic Arts (NSDQ: ERTS) narrowed its Q2 net loss to $95 million from last year's net loss of $132 million, with diluted loss per share was $0.30 as compared with diluted loss per share of $0.42 for the prior year. Meanwhile, EA's Q2 revenue was $804 million, more than double Q207's $395 million, though that was primarily due to deferred revenue. During the quarter, EA had a net benefit of $231 million year-over-year related to the recognition of deferred net revenue for certain online enabled packaged goods games.

-- Non-GAAP net revenue in Q2 was $609 million, up 41 percent as compared with $431 million for the prior year. The growth was credited to the launches of Battlefield: Bad Company and UEFA EURO 2008, as well as the continued strength of Rock Band(tm)."

-- Looking ahead, non-GAAP net revenue is expected to be between $5-$5.3 billion as compared with $4.020 billion in the prior year, a projected gain of 24-32 percent.

Release | Webcast (5:00 PM EDT)


By David Kaplan

Comments

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

Download
The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App