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NPD Group Reports on Electronic Arts' Quarterly Results

According to the research firm The NPD Group, January, February, and March were a collective boom time for the US game industry. Today, though, the biggest third-party publisher in the business reported an increased loss for the first quarter of 2007.

For the three months ending March 31, Electronic Arts posted a net loss of $25 million, up from the $16 million shortfall it suffered during the same period in 2006. The company took in $613 million in net revenue during the quarter, down 4 percent from the $641 million it took in during the same period in 2006. In a statement, EA said its increased loss was "primarily due to the transition to next generation systems." It also cited a one-time $24 million charge it incurred due to "after-tax stock-based compensation charges."

The Redwood City, California-based publisher only had a few major releases during the quarter. However, those that sold, sold well. The Sims 2: Seasons expansion pack topped over 1 million copies worldwide, with Burnout Dominator and Def Jam Icon moving 500,000 units apiece. Though he didn't give sales figures, EA CFO Warren Jenson did tell an analyst conference call that Command & Conquer 3: Tiberium Wars was a "successful relaunch" of the series. According to NPD data, the game has sold over 128,000 copies on the PC in the US; an Xbox 360 version was released today.

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uk.gamespot.com
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