Electronic Arts has reported its third quarter financial results for the three months ending December 31, 2009, noting a revenue fall over the previous year from $1.654 billion to $1.243 billion.

However, the publisher also slashed losses over the same period from $641 million to just $82 million as the impact of restructure and refocus begins to have an effect.

The company also noted $103 million of net revenue deferral for online-enabled packaged goods and digital content, which it says will be recognised in future quarters.

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