Electronic Arts (ERTS) June Q1-FY2009 Earnings Conference Call Notes
-33 cent loss vs. 42 cent loss est. Revenue $609M vs. $639M est. Guidance $1.30-1.70 EPS vs. $1.59 est.
-Pre-orders for Madden are down. Pre-orders for NCAA were down 20% y/y, but sales came in consistent with last year
-40 SKUs to ship this year on Nintendo platforms vs. 26 last year
-Made $90M in revenue from their digital/direct to consumer business, up 21% y/y
-Battlefield Bad Company sold 1.6 million units, UEFA Euro 2008 sold 1 million, Nascar 09 sold nearly 500k, Bloom Box sold 450K, Rock Band sold 800K
-This quarter came in a bit below street estimates, but it really doesn’t matter. All eyes are on the upcoming Spore, Sims 3, Madden, Warhammer MMO, and the Star Wars KOTOR MMO games.
-It was quite telling they did not want to give a pre-order % decline number for Madden. It must of been pretty ugly.