While the rest of Electronic Arts may be in turmoil, today announcing it will cut its workforce by 17 percent, the company’s mobile division appears to be holding up its end of things. EA Mobile’s net revenue was up 7 percent year-over-year to $50.1 million.
According to the company, EA Mobile launched 6 new iPhone titles and 14 mobile titles during Q2, including Game of Life, Madden NFL 10, Wolfenstein RPG and BOGGLE.
The company said that all 6 of the new iPhone releases reached the top 100 paid games, with 4 hitting the top 15 paid games.
Madden NFL 2010 hit #1 in the Apps Store’s Top Grossing Apps section and spent over 50 consecutive days in the Top 10 Grossing Apps at $9.99. EA mobile ended the quarter with 4 out of the top 10 grossing games.
Electronic Arts today said it will layoff 1,500 people just hours after it said it is paying at least $275 million to buy Playfish Inc., a maker of social online games popular on Facebook, MySpace and the iPhone. The layoffs are expected to save about $100 million a year.
On Monday, Electronic Arts posted a net loss of $391 million, or $1.21 a share, in the fiscal second quarter, wider than the loss of $310 million, or 97 cents per share, a year earlier.
