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We aren’t sure exactly how it happened seeing as EA has exclusive licensing agreements to, well, almost everything. Yet, citing increased competition as the reason, EA has reported a loss of sixteen percent of it’s revenue in the first fiscal quarter. EA has lost $58 million. Last year, they had a profit of $24 million in the first quarter. Due to this loss, the company has lowered its full-year sales and profit outlook. It now expects to make a mere $3.3 or 3.4 billion.