Please support Game Informer. Print magazine subscriptions are less than $2 per issue
Take-Two: Q1 2012 Revenue Is Down, Expected
Today Take-Two reported that its net revenue is down from last year, while stressing the number of high profile games it has on the horizon.
Take-Two's net revenue for the first quarter of fiscal year 2012 was $334.4 million, compared to $375.4 million last year. Additionally, the company is operating at a net loss of $8.6 million, as opposed to a $27.4 million profit for the year-ago period. Take-Two says that the results are in line with its financial outlook, and cited L.A. Noire, Duke Nukem Forever, NBA 2K11, and Carnival Games: Monkey See, Monkey Do as the quarter's big money makers (in comparison to last year's release of the hugely successful Red Dead Redemption).
In light of the drop in revenue, Take-Two pointed to three anticipated sequels for fiscal year 2013: BioShock Infinite, Borderlands 2, and Spec Ops: The Line. With Take-Two's only standout titles between now and then being NBA 2K12, The Darkness II, and XCOM, we suspect this may not be the last time the publisher urges shareholders to sit tight for its triple-A releases to arrive.
You can read the full financial report at Take-Two's website.
[via Joystiq]
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
