EA Reports $195m Q2 Loss
November 3rd, 2007 by James Hyde in Articles, Business, News, Xbox360
The biggest video game publisher in the world, Electronic Arts, has reported a massive $195 million loss in the second quarter. Despite having Madden 08 selling over 4,5 million copies, overall sales were down by 18 percent compared to last year. In 2006 the company had a profit of $22 million in Q2, while a $195 million loss this year certainly doesn’t look good. EA said that they will do some restructuring and will possibly be closing down offices in the next two years.
November 3rd, 2007 at 4:49 pm
What a great way to welcome Bioware.
“Please to have you on the EA crew”
“Oh, we’ve just had a $195 million loss, As of next month 3/4 of your staff will be fired”