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Electronic Arts Continues to Struggle according to the latest figures.

Electronic Arts has reported a loss of $641 million for the quarter ended December according to GameSpot. EA stated they would be lowering their full fiscal-year estimates. For the year ending March 31, 2009, EA now expects to make between $4.2 billion and $4.25 billion in fiscal 2009, with a loss per share of between $3.29 and $3.56.

One of the causes was poor holiday season sales according to CEO John Riccitiello, who called the results a "a clear disappointment." He also stated, "Our holiday quarter came in below our expectations, and we have significantly reduced our financial outlook for fiscal 2009."

According to Riccitiello, the quality of games produced by Electronic Arts was not one of the causes for EA's troubles and is instead one of their strengths that will support them in to the future. He stated, "We delivered on game quality and innovation in calendar 2008, with 13 games rated 80 or above, more than any third-party publisher. We expect to build on this great-quality record in the year ahead while delivering more profitability."

In addition to the large losses, Electronic Arts announced they will increase planned layoffs to 11% of their workforce from 10%. Roughly 1100 individuals will lose their jobs and 12 facilities are scheduled to be closed down.

Three high profile games that had planned launches in the 2009 fiscal year will also be delayed. The Sims 3, which was expected on February 20, is now expected to arrive on June 2. BioWare's Dragon Age: Origins, which was expected to launch before the end of March has been delayed. Godfather II will also be delayed.

Rounding out the bad news EA Mythic's Warhammer Online subscriber base has fallen to 300,000 according to the latest figures. In October, the game had more than 750,000 registered users.





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