EA has reported full year revenues of $4.2 billion, a 15 percent increase from last year, on the back of a net loss of $1.08 billion, as compared to losses of $454 million last year, as a result of $820 million in expenses.

EA’s fourth quarter losses were also less than expected, with $42 million in losses as of March 31st, as opposed to $94 million during the same period last year. Fourth quarter revenues slid to $860 million (down $267 million year-over-year) thanks to sales of Skate 2, Rock Band 2, Lord of the Rings: Conquest, Left 4 Dead and Need for Speed Undercover.

EA also revealed that 31 of their released titles have sold more than one million copies over the last year, with Fifa 09, Madden NFL 09 and Need for Speed Undercover each reaching over five million copies sold, while Spore sold over two million copies.

“EA is well positioned with the right strategies in a growing industry,” said EA’s CEO, John Riccitiello.