EA Financials

Electronic Arts is posting a loss in the second quarter, but it's smaller than expected. Second quarter revenues came in at $219.9 million, a significant dip from revenues of $338.9 million in the same period last year. Consolidated net losses total $35 million, compared with a profit a bit more than $20 million in the second quarter a year ago. EA is placing the blame on slow sales and decline consumer interest in Playstation and N64 titles. "As anticipated, the second quarter was a challenging quarter as we moved through the seasonally slow summer prior to the introduction of Playstation 2," said EA's Larry Probst.