Video game marketer Electronic Arts (Nasdaq: ERTS) did not score high in FY06 1Q. The company reported gross profit of $378 million, down 5 percent year-over-year, while non-GAAP net income dropped 56 percent to $19 million from $43 million a year ago. As for FY06 4Q net revenue, that number came in at $613 million, down four percent as compared with last year’s $641 million. The company’s net loss widened for the quarter to $25 million, as compared with a net loss of $16 million for the prior year. Other highlights:
— For the full year ending March 31, EA’s net revenue was $3.091 billion, a 5 percent gain over $2.951 billion for FY05.
— FY06’s digital revenue $127 million – a 47 percent rise year-over-year.
— In its earnings forecast for the current fiscal year, EA expects net revenue to be between $3.1 and $3.4 billion, with non-GAAP net revenue ranging from $3.6 to $3.8 billion. Earnings release | Webcast
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