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. Read more