EA’s earnings go up but fail to reach the black

    
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Electronic Arts’ most recent quarterly earnings report is a mix of bad news and good news for shareholders. The bad news is that the publisher failed to make a profit during the period, posting a $38 million loss. The good news, such as it is, is that this loss was less than EA anticipated, thanks to strong mobile growth and the success of FIFA 17.

The mega-publisher raked in $898 million during the quarter and predicts that it will end 2016 with a net revenue of $1.125 billion and $910 million in changes to deferred revenue. EA won’t be hitting the black this year, as it foresees a $53 million net loss.

Star Wars: The Old Republic, the company’s most notable MMORPG, was not mentioned in the report this round, though it did note continuing revenue from its Star Wars console and mobile titles (for example, Star Wars: Galaxy of Heroes).

Stock prices for EA fell a bit following the report.