EA's Revenues Decline, Narrows Loss

Electronic Arts announced preliminary results for its third quarter ended December 31, 2009. GAAP net revenue for the quarter, which includes the impact of deferred net revenue adjustments, was $1.243 billion compared with $1.654 billion for the prior year. GAAP net loss for the quarter, including the impact of deferred net revenue, was $82 million compared with a net loss of $641 million for the prior year.

The company had undergone restructuring in the past year, as it seeks to cut costs and slim down its product pipeline.

Digital non-GAAP net revenue was an all time quarter high at $152 million, up 30 percent fiscal year-to-date versus last year. Other metrics:

  -- FIFA 10 has sold over 9.7 million copies since launch.

-- EA's online games subscribers totaled 1.9 million in the quarter -- this includes Pogo, as well as massively multiplayer online (MMO) subscribers.

-- EA Mobile generated $57 million of non-GAAP net revenue in the quarter, an increase of 14 percent year-over-year.

-- Playfish had two of the top ten Facebook games for the quarter