In The Money

This war agrees with them: AVault reports that Electronic Arts has more money than a dead fish. This, of course begs the question: just how much money does a dead fish have?

Video game publisher Electronic Arts reported a 50 percent jump in its fiscal third-quarter profit on Wednesday, led by strong sales for its Harry Potter games franchise. Redwood City, California-based Electronic Arts reported a net profit of $132.3 million, compared with net earnings of $88 million in the year-earlier period, Reuters reports. The company reported earnings of $147.1 million; revenue in the quarter was $832.9 million, up from $640.3 million a year earlier.

The company’s online division, EA.com, posted a loss including charges in the quarter of $36.2 million, though revenue nearly doubled to $21.9 million from $11.2 million in the year-earlier period. During the quarter, the company phased out its heavily promoted online adventure game Majestic, which was well received by critics but ended up a commercial failure due in part to its cumbersome registration process.