For the October-December quarter, the organization now expects losses which can be between $0.24 to $0.32 per share on revenues of $1.227 billion to $1.247 billion. During the period, EA had several high-profile releases, for instance FIFA Soccer 10, BioWare's Dragon Age: Origins, and The Saboteur, the past game from Pandemic Studios before the vast majority SWTOR Credits US of its staff was fired. The company also published Valve Software's Left 4 Dead 2 under its EA Partners program.
"We had anticipated roughly flat year over year sales in Europe…but packaged sales were down as much as 50 percent in most regions," EA CFO Eric Good told analysts inside conference call. He said digital sales were above expectations, and not enough to offset lowered packaged-goods sales.
EA CEO John Riccitiello said EA's core strategy was sound and progress has been created on cutting costs, increasing profit, and bringing back SWTOR Credits EU the standard of owned game properties. However, he did concede that company management had "been surprised" because of the impact of increased digital sales plus the global recession.
Looking ahead, the executive called out five titles he expected to become major sellers within the current quarter: Army of Two: The 40th Day (January 12), Mass Effect 2 (January 26), Dante's Inferno (February 9), Battlefield: Bad Company 2 (March 2), and Command & Conquer 4: Tiberian Twilight (March 16).