any chance of plucking the guts out of that article? (that site is denied here)
For a chance to pan EA-fuckup everything ... its a done deal
EA lost 1 billion last year
EA has announced its financial results and they're impressive (but on the negative side of things).
For the entire fiscal year, the publisher saw its losses more than double, up to an amount of over 1 billion dollars:
For the full fiscal year, Electronic Arts saw revenues of over $4.2 billion, an increase of 15 percent compared to the $3.7 the year previous. However, the company's losses more than doubled from $454 million (negative $1.45 per share) to $1.088 billion (negative $3.40 per share). The losses for this fiscal year include $368 million for goodwill impairment and $232 million in tax valuation allowances and $134 million against deferred tax assets.
EA expects next fiscal year to be profitable again but if you - as a company - manage to double your losses with a 15% increase in revenue (= sales) then I would really doubt your capabilities in management...That's a pretty spectacular set of figures. They'll no doubt put it down to all the pirating of their games...
