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EA sees $45 million loss in Q3

Electronic Arts reported a weaker than expected financial third quarter, announcing a net loss of $45 million (£29 million) for the three month period preceding 31 December, 2012.

Poor consumer demand has affected the gaming sector in general, which in EA’s case was further compounded by poor sales of its blockbuster release Medal of Honour: Warfighter.

However, the quarter did show a year-on-year revenue increase as the game publisher posted a loss of $205 million (£130 million) in Q3 2011.

This has been attributed to improved digital sales with FIFA 13 being highlighted as a particular success - $100 million in digital net sales - as its overall sales grew by 23 per cent over the series’ previous entry, bumping its tally to 12 million units.

“EA had six of the top twenty titles in Western markets in 2012, compared to four in 2011,” said Chief Operating Officer Peter Moore.

“EA was also the number 1 publisher on iOS worldwide for the year.”