Electronic Arts announced its fourth quarter earnings today, pulling in $US860 million in revenue, resulting in a loss of $US42 million for the three months ending March 31st. EA’s annual losses totaled $US1.088 billion.
The company’s quarterly revenue was down, year-over-year, as EA pulled in more than a billion dollars during the same quarter last year. But it saw decreased losses compared to the $US94 million deficit it saw in Q4 2008.
EA credits its ability to bleed less cash with a number of factors. Strong sales from Skate 2, Rock Band 2, The Lord of the Rings: Conquest, Left 4 Dead and Need for Speed: Undercover helped with revenue, while serious cuts to its business and “investments in our digital service businesses” will help with the company’s current fiscal year.