The first quarter financial marks are in and EA reported a $81 million loss, $23 million more than the same period of time last year, according to financial reports filed by the world’s largest third-party publisher. The main reason for the loss is contributed to "the expensing of stock-based compensation."
But let’s dry those tears; EA’s overall revenue for this quarter was 13% more than last year, pulling in a cool $413 million. It was originally predicted by market analysts that EA would only crank in $335 million. In the financial reports, EA attributed the gain to five main titles, 2006 FIFA World Cup, Battlefield 2: Modern Combat, Need for Speed Most Wanted, The Sims 2, and Fight Night Round 3.
EA’s expectations for the future are high as they prepare to fully support the next-generation consoles.
