EA reports $45M net loss for Q3 2013, made $79M from mobile titles
Today, Electronic Arts reported $1.18 billion in net revenue for its third fiscal quarter of 2013, down 28.5 percent year-over-year.
CEO John Riccitiello said the below-expected earnings was largely due to the disappointing performance with its recent Medal of Honor release, as well as the increasingly challenging packaged goods market.
The company revealed it saw sales of $1.18 billion, based on non-GAAP (generally accepted accounting principles) reporting. This is below the company’s guidance of $1.25 billion. Non-GAAP diluted earnings per share (EPS) were $0.57,
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