REDWOOD CITY, Calif.–(BUSINESS WIRE)–May 13, 2008–Electronic Arts (NASDAQ:ERTS) today announced preliminary financial results for its fiscal fourth quarter and fiscal year ended March 31, 2008.
Full Year Results
Net revenue for the fiscal year ended March 31, 2008 was $3.665 billion, up 19 percent as compared with $3.091 billion for the prior year. Beginning in fiscal 2008, EA no longer charges for its service related to certain online-enabled packaged goods games. As a result, the Company recognizes revenue from the sale of these games over the estimated service period. The Company ended the year with $387 million in deferred net revenue related to its service for certain online-enabled packaged goods games, which will be recognized in future periods.
Kick Off Summer With Ten Complete Sporting Events
REDWOOD CITY, CA – May 13, 2008 – Hudson Entertainment, the North
American publishing arm for HUDSON SOFT, today announced that DECA
SPORTS, a unique ten-sport game, exclusive to Wii, is now available at
retail for $29.99 SRP. Combining ten sporting events into one game,
players can compete in beach volleyball, snowboard cross, badminton,
basketball, curling, figure skating, archery, supercross, soccer and
kart racing.“DECA SPORTS has been a highly anticipated title in the minds of the
enthusiast media and consumers alike almost immediately from the time
we announced it was coming to the U.S. market,” said John Greiner,
President of Hudson Entertainment. “With summer on the horizon, we
anticipate DECA SPORTS being a popular choice for those looking for a
fun-filled Wii experience.”
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