Revenues drop from $804m to $664m, losses climb to $234m
Electronic Arts has seen both its losses increase and its revenue fall for its fiscal Q1 ending June 30th 2009, with boss John Riccitiello admitting that the video games market is proving weaker than expected.
Losses for the period climbed from $95m in the same period in 2008 to $234m this year. Revenues fell from $804m to $664m year-on-year. However, operating costs dropped significantly, landing at $25m. Last year that number hit $239m.