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Fuelled by the success of GTA4 Take Two Interactive today announced a 163% increase in net revenue for the second fiscal quarter...
In the quarter ended April 30th 2008, Take Two saw net revenues of $539.8 million compared to $205.4 million in the previous year. Net income for the second quarter period was $98.2 million, in contrast to a $51.2 million loss for the same quarter of fiscal 2007.
Highlighting the costs associated with Take-Two's other notable activities during the period, specifically the continued EA ramblings, the second quarter saw legal expenses and professional fees of $3.8 million primarily related to the ongoing acquisition.
Sales figures for GTA4 as of May 31st 2008 reveal that over 11 million copies have been sold to retail, with approximately 8 million units sold through to gamers.
As a likely result of GTA4's performance, Take-Two has decided to upgrade its expectations for proceeding quarters. Net revenue for the third quarter is expected to increase from $325 million to $375 million; fourth quarter increased from $300 million to $350 million; full year $1.4 billion to $1.5 billion.
"Take-Two's performance has exceeded expectations through the first half of fiscal 2008, clearly demonstrating the creative, operational and financial strength of our business," noted Strauss Zelnick, Chairman of Take-Two. "Our results reflected the extraordinary success of Grand Theft Auto IV, the value of our catalog of titles, and our ongoing initiatives to improve the efficiency of our operations. We look forward to continuing to enhance stockholder value by building on our broad portfolio of internally developed and owned interactive entertainment brands, leveraging the opportunities in the current industry cycle, and operating our business in an effective manner."
Ben Feder, Chief Executive Officer of Take-Two, added, "Based on the Company's stronger than expected results, we have increased our financial guidance for fiscal 2008 and are confident in our ability to continue to perform for the balance of the year. Furthermore, Take-Two is extremely well positioned in an industry that is experiencing explosive growth. We believe that our exceptional creative talent, diverse range of hit products, and the proven global demand for our titles will be the drivers of increasing value over time."
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Added:Fri 13th Nov 2009 23:46, Post No: 510
Ummmm... it is on a disc!!! Rockstar released both episodes on one disc called 'Episodes from Liberty City' !?!
Added:Fri 13th Nov 2009 22:41, Post No: 509
I don't CARE about downloadable content. Put it on disc or don't put it out at all.
Added:Wed 11th Nov 2009 21:51, Post No: 508
lol how many more disgruntled ps3 owners will bi.t.ch and maon there not getting the DLC lol maybe microsoft shold do the same again for the next GTA game lol just to pi.s.s o.ff the ps3 fanboys and there exclusive games.
oh and polyphony digital will be charging £50 plus for GT5 as its cost them over $61 billion in development costs so far if the games flops and doesnt sell more than hmmm 30 million copys then i guess its bye bye exclusivity and hello multiformat GT5
Added:Fri 30th Oct 2009 20:53, Post No: 507
[#@!?] microsoft
Added:Sat 24th Oct 2009 18:44, Post No: 506
haha microsft payed rock star 50 million for the dlc to be xbox 360 exclusive owned ps3 and pc owners
Added:Mon 19th Oct 2009 22:53, Post No: 505
[#@!?] That [#@!?]! [#@!?] [#@!?]! i gate microsoft! why cant it come to ps3! and before you guys say anything! i did have a xbox , i acutually had it 4 times , everytime broken! cause microsoft Sucks!!!!!!!
Added:Tue 13th Oct 2009 00:47, Post No: 504
first of all ps3 sucks.... PC is good and i feel your pain im sorry that they couldn't give this DLC to you...XBOX 360 KICKS A** SO GO GET ONE!
Added:Mon 12th Oct 2009 20:28, Post No: 503
hello iam cool mohamed iam new
Added:Sat 03rd Oct 2009 21:20, Post No: 502
lol am i only joined by a few people that actually read about the exclusive DLC ms paid for before the game came out, im sure pc and ps3 owners to ignorent to actually read about microsofts exclusive rights for DLC on the 360 and the amount of money they shelled out for it and yet ps3 and pc owners still dont get it,
here ill make it simple ms payed for exclusive DLC before the games release exclusivly on xbox 360 only if sony had come up with an offer better than ms im sure it would have been 360 and pc owners complaining about DLC but the fact is it was announced months before the games release and you only have your sefs to blame for buying it and expecting DLC that isnt comming out on the ps3/pc.
Added:Sat 03rd Oct 2009 19:39, Post No: 501
u guys are to poor to buy a freaken ps3 or xbox 360 to even play the game.......... all u want it for is so u could do mods on the PC u lazy *%@#s