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Take-Two has $21.5 million loss during Q1
Topic Started: Mar 12 2007, 07:29 PM (75 Views)
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The lack of a new console Grand Theft Auto was a major reason that Rockstar parent Take-Two Interactive lost $29.5 million during the November 2005-January 2006 quarter. The company was also in the red one year later, reporting a net loss of $21.5 million for the November 2006-January 2007 quarter, the first of its 2007 fiscal year.

Revenue for the most recent quarter was $277.3 million, up from $265 million during the same period the year prior. That figure was better than expected. According to a Forbes survey, most analysts expected the company to take in $269.7 million in gross revenue. The publisher said its biggest sellers during the quarter were NBA 2K7, NHL 2K7, and Grand Theft Auto: Liberty City Stories for the PS2. The company also enjoyed an income boost via the the release of Grand Theft Auto: San Andreas for the PS2 in Japan.

According to Take-Two, the biggest culprit for its quarterly loss was the "video game industry's ongoing transition to next-generation platforms." Take-Two's bottom line was also hurt by its lack of support for the Wii, which sold far better than most analysts predicted. Take-Two's first Wii game will be Manhunt 2, which is due out later this summer on Nintendo's platform and Sony's PS2.

Following a surge last week following reports of a possible shareholder coup, Take-Two shares ended the day at $20.07, down $0.20. As of press time, it was down a further penny in after-hours trading.



http://www.gamespot.com/news/6167258.html
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Rambo
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a3r0dyn4m1k

support the wii?
Death is inevitble
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rock
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not enough GTA imo
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PriestMan
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Well they better pray GTA IV makes up all that lost. It should because there's no reason why it shouldn't do well. Especially since it'll be on X-Box 360 and PS3.
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Introduction
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Take-Two's bottom line was also hurt by its lack of support for the Wii, which sold far better than most analysts predicted.
new GTA series coming to Wii
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Shaheer
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Rockstar needs to realize that they need to make other games besides GTA
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GO OILERS GO!! 24-22-4
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PriestMan
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You know they should import that ping pong game somehow on the Wii. It would probably make up some of their loss. Of course the graphics would have to be toned way down somehow.
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"Millions of other people at that very moment were standing at the same counter, ordering the same food from the same menu, food that tasted everywhere the same." - Eric Schlosser, Fast Food Nation
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meowmixmaster
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Meowmixing

Sony should just buy Take 2
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Uzumaki Naruto
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Take 2 hasn't even established itself as a huge gaming company. People only know of RockStar because of GTA and thats all.
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