Profits Burnout at Electronic Arts

Game maker loses money despite soaring game sales
By Rob Quinn,  Newser Staff
Posted Feb 1, 2008 1:08 AM CST
Two popular Electronic Arts games on display at Best Buy in Mountain View, Calif., Monday, Oct. 15, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
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(Newser) – Video game sales are at an all-time high but the world's largest independent publisher of them has reported a third-quarter loss, reports the AP. Electronic Arts says the loss is down to restructuring and accounting changes. Revenue was up 17%, but the company saw its share of the market slip in Europe and North America and could face a difficult 2008.

"Losing share is just not acceptable," said Electronic Arts' chief executive. Delays to expected hits Battlefield: Bad Company and Mercenaries 2: World in Flames are likely to result in losses next quarter as well, but analysts think the firm's strong line-up will keep it ahead of rivals later in the year.