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.
Frequently Asked Questions
EA reported a net loss of $107 million for the quarter ended September 29, 2007, which is wider than the $68 million net loss reported in the same quarter of the previous fiscal year.
Net revenue for the quarter decreased to $735 million, down from $877 million in the comparable quarter of the prior year, indicating a decline in sales performance.
Investors can refer to Part I, Item 2 for the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' for insights into performance, and Part II, Item 1A for 'Risk Factors' to understand potential challenges and uncertainties facing the company.
The Condensed Consolidated Statement of Cash Flows for the six months ended September 30, 2007, provides investors with crucial information on how EA generated and used cash, including details on operating, investing, and financing activities, which is vital for assessing liquidity and financial flexibility.