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EA posts $273m loss for the quarter

Net revenues reach $695 million but losses continue

Electronic Arts has continued to lose money in its second fiscal quarter, despite narrowing the year-on-year deficit.

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EA's new chief executive, Andrew Wilson, claims the publisher has enjoyed a "strong second quarter"

During the three month period between July and September, the publisher posted a loss of $273 million altogether, despite net revenues of $695 million. The net loss was nevertheless an improvement of 28 per cent.

The publisher's new CEO, Andrew Wilson, was nevertheless positive about the results. He said EA's "strong second quarter was driven by great title launches, continued digital growth, and financial discipline".

He added: "While we have made good progress in the first half of the year, we remain focused on executing our FY14 plan and delivering a full slate of amazing games and services to players on current and next-generation consoles, mobile, and PC."

The publisher noted encouraging growth in digital segments on games such as NCAA Football Ultimate Team, Madden NFL Ultimate Team, NHL Hockey Ultimate Team, and FIFA Ultimate Team.

FIFA digital revenues were particularly encouraging, the corporation said, stating that it made more than $145 million in the first half of fiscal year.

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