Summary
Electronic Arts Inc. (EA) reported its financial results for the second quarter of fiscal year 2008, ending September 29, 2007. The company experienced a net loss of $107 million for the quarter, compared to a net loss of $68 million in the same period last year, indicating a widening loss. This was driven by a decrease in net revenue, which fell to $735 million from $877 million year-over-year, suggesting challenges in top-line performance during the reporting period. The company's financial statements, including balance sheets, statements of operations, and cash flows, along with management's discussion and analysis, provide a detailed look at its financial condition and operational performance.
Key Highlights
- 1Net loss for the quarter widened to $107 million from $68 million in the prior year's comparable quarter.
- 2Net revenue for the quarter decreased to $735 million from $877 million in the prior year's comparable quarter.
- 3The filing includes unaudited condensed consolidated financial statements for the three and six months ended September 30, 2007.
- 4Management's Discussion and Analysis of Financial Condition and Results of Operations provides insights into the company's performance drivers and outlook.
- 5The report also details quantitative and qualitative disclosures about market risk.
- 6Risk factors and legal proceedings are discussed in Part II of the filing, which are crucial for understanding potential headwinds.
- 7The company reported on controls and procedures, which are important for investor confidence in financial reporting.