EA has released it’s annual fiscal submission to the US Securities and Exchange Commission (SEC), which includes a $677 million USD net loss.

This compares favourably to the $1.09 billion USD net loss reported to the SEC for the previous fiscal year, but marks the third time in a row the publisher has failed to make a profit (in 2008, the loss was reported as $454 million USD.)

In more positive news, EA’s annual revenue increased by $119 million USD to $979 million USD. The publisher attributes this rise to the success of titles like Battlefield: Bad Company 2, Mass Effect 2, FIFA 10, Dante’s Inferno and an expansion of its digital download services.

“We had an excellent fourth quarter,” said EA CEO John Riccitiello. “Battlefield: Bad Company 2 outperformed … and we exceeded our expectations on the bottom line.”

Looking ahead, the publisher expects net revenue for the first quarter of 2011 to be approximately $710 to $750 million USD.

Paul Younger
Founder and Editor of PC Invasion. Founder of the world's first gaming cafe and Veteran PC gamer of over 22 years.

    Bulletstorm Trailer Due On Thursday

    Previous article

    Zombie Cow Wants To Show You Its Privates

    Next article

    You may also like

    More in News