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Title: EA reports US$81 million quarterly loss Post by: Tale on August 18, 2006, 11:31:17 PM How the fuck do you have products and sales like these guys and do worse every quarter?
http://www.gamespot.com/ps2/action/battlefieldmoderncombat/news.html?sid=6155036 I have no sales talent and I've never worked in the games industry, but I swear I could turn a profit out of EA next quarter. Title: Re: EA reports US$81 million quarterly loss Post by: Trippy on August 18, 2006, 11:57:26 PM How the fuck do you have products and sales like these guys and do worse every quarter? They would've turned a $245 million profit or thereabouts if they hadn't changed the way they account for stock-based compenstation.http://www.gamespot.com/ps2/action/battlefieldmoderncombat/news.html?sid=6155036 I have no sales talent and I've never worked in the games industry, but I swear I could turn a profit out of EA next quarter. Edit: Ah nope that's wrong. I just finished the reading the conference call slides and the stock-based compensation expenses amounted to around $37 million so they still would've had a net loss if they hadn't switched accounting procedures. Title: Re: EA reports US$81 million quarterly loss Post by: Righ on August 20, 2006, 12:25:44 PM Spend $400 million to the NFL for the rights to make video games, when there wasn't another games company interested in spending close to that much money. Spend $800 million to ESPN for the rights to make video games, when there wasn't another games company interested in spending close to that much money. Spend $650 million on assorted R&D to hide the executive slush. That's nearly two billion dollars of cash thrown away with little to show. EA are showing the film and music industries up as rank amateurs when it comes to pissing away cash needlessly. When Bush leaves office, he should consider EA. There's bound to be mountains of coke on hookers' asses to be had there.
Title: Re: EA reports US$81 million quarterly loss Post by: Lt.Dan on August 20, 2006, 04:00:16 PM Spend $400 million to the NFL for the rights to make video games, when there wasn't another games company interested in spending close to that much money. Spend $800 million to ESPN for the rights to make video games, when there wasn't another games company interested in spending close to that much money. Spend $650 million on assorted R&D to hide the executive slush. That's nearly two billion dollars of cash thrown away with little to show. EA are showing the film and music industries up as rank amateurs when it comes to pissing away cash needlessly. I would have thought those iteems would have shown up as capital expenditures and not gone through the P&L. Unless they're writing them off - which would be silly. Title: Re: EA reports US$81 million quarterly loss Post by: Sky on August 22, 2006, 07:01:40 AM Do we have three or four more years of waiting for NFL 2kwhatever? Fuck Madden.
Title: Re: EA reports US$81 million quarterly loss Post by: shiznitz on August 30, 2006, 11:32:39 AM Spend $400 million to the NFL for the rights to make video games, when there wasn't another games company interested in spending close to that much money. Spend $800 million to ESPN for the rights to make video games, when there wasn't another games company interested in spending close to that much money. Spend $650 million on assorted R&D to hide the executive slush. That's nearly two billion dollars of cash thrown away with little to show. EA are showing the film and music industries up as rank amateurs when it comes to pissing away cash needlessly. I would have thought those iteems would have shown up as capital expenditures and not gone through the P&L. Unless they're writing them off - which would be silly. Not to get bogged down in accounting talk, but the amount spent on licenses gets expensed over the life of the license even if all the cash went out the door day 1. If the profits from the products using the license are materially less than the amount paid for the license, then EA will have to take write-offs eventually as well. |