Electronic Arts reported that losses widened and revenues fell over the past three months. But the world’s second-largest videogame maker had a better than expected quarter thanks to some well-timed releases.
Even as overall spending on videogames is down, EA results were bolstered by strong sales of “The Sims 3″, the latest release in one of the industry’s best-selling franchises, and “EA Sports Active”, a new title for the Nintendo Wii. EA lost $234m in the three months through July, compared with $95m during the same time last year.
EA didn’t adjust its forecast for the year, an indication that despite this solid quarter, the videogame industry could continue to suffer for months to come.
