EA's Net Up on Strong Game Sales

Including all charges, EA reported net revenue of $1.127 billion. During the quarter, EA had a net benefit of $208 million related to the recognition of deferred revenue for certain online enabled packaged goods games.

During the fiscal year, EA had 27 titles that sold more than one million copies, compared with 24 titles in the prior year.

For the current fiscal 2009, EA said it expect revenue to be between $5 billion and $5.3 billion. Earnings excluding items are expected to range from $1.30 to $1.70 a share. Analysts are expecting earnings of $1.73 a share on revenue of $4.5 billion.

"We are looking to adding more than a $1 billion in revenue next year," said Brown. "Our guidance is based on all the titles that we own and have under control and does not rely on any revenue from Take-Two(TTWO Quote)." EA is in the midst of a $2 billion hostile buyout for Take-Two.

EA's tender offer for Take-Two shares at $25.74 a share is set to expire Friday. Take-Two's management has already twice rejected the proposal on the belief that EA's offer significantly undervalues the company.

On the conference call with analysts, John Riccitiello, CEO of EA, did not offer any new comments. EA's bid for the Take-Two takes into account Grand Theft Auto IV's success, he said. Grand Theft Auto IV sold more than 6 million copies within the first week of its release in North America and pulled in $500 million in revenue.