Take-Two Takes $15 Million Loss For The Quarter, Half-Billion Sales Increase For Year

Illustration for article titled Take-Two Takes $15 Million Loss For The Quarter, Half-Billion Sales Increase For Year

Sales were up at Take-Two Interactive, thanks to sales of games like Grand Theft Auto IV and Midnight Club: Los Angeles, but the publisher saw losses also increase to the tune of $15 million.

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The company pointed to two other titles, NBA 2K9 and Carnival Games as leaders for the quarter, laying out its fiscal 2009 game plan. That includes two batches of Grand Theft Auto IV downloadable episodes due by October 31, 2009, one of which has already been announced and dated. The company boasted that more than 3 million games in the Carnival Games series have been shipped.

Take-Two list the PlayStation 3 as its biggest revenue generator on the publishing side, with 35% of the quarterly take. That beats out the Xbox 360, which brought in 28% of its publishing dollars, and the Wii, at 11%.

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For the entire fiscal year, Take-Two brought in $1.5375 billion in revenue, with $97.1 million in net revenue. That's much better than the company's 2007, when it raked in $981.8 million, resulting in a loss of over $138 million.

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DISCUSSION

brianc6234-old
BrianC6234

I guess this means Take Two should make GTA IV DLC for us PS3 gamers as a thank you. We are the ones who got them to where they are. They never should have let Microsoft bribe them. That was a bad decision. Stick with the Playstation side and give us what we deserve.