EA's Second-Quarter Profits Down. A Lot.
Wow. All of a sudden I understand why EA has been screwing over gamers with their recent rash of microtransactions. The 800 lb. gorilla of the gaming industry has announced that their profits are down by 57 percent, laying the blame at the feet of some new stock options charges.
Net income for the three months ended Sept. 30 was $22 million, or seven cents per share, compared with $51 million, or 16 cents per share during the same period last year. The result included stock-based compensation charges of $33 million.
Does this mean the company’s actually losing money? Sadly, no. But it does mean that karma might be biting them on the ass for their strong-armed tactics? Not really, since the company is reporting that their revenue is up 16 %, but one can only hope that something will teach them not to bleed their customers dry with contemptable business practices.
Video-game publisher EA’s Q2 profits fall
Boy of Tomorrow
Posted to on 2 November 2006
Other stuff like this: EA profits, godfather, karma, microtransactions, need for speed carbon
