Take-Two takes smaller Q1 hit

2K and Rockstar Games owner suffers $21.5 million loss for November-January quarter, down from the year before.

In two and a half weeks, the world will get its first look at Grand Theft Auto IV, the next installment in Rockstar Games' best-selling series. The game itself won't arrive on the Xbox 360 and PlayStation 3 until October 16, and it will be the first all-new console installment in the series since Grand Theft Auto: San Andreas in 2004. (Two GTA games for the PlayStation Portable, Liberty City Stories and Vice City Stories, were ported to the PlayStation 2 in 2006 and 2007, respectively.)

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.

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Discussion

65 comments
weeman19_89
weeman19_89

who says you need to buy a new/correct tv i no loads of ppl with tiny tvs ike myself and it works just as great

Sparky2002
Sparky2002

IF U BUY A PS3 U HAVE TO BUY THE CORRECT OR NEW TV FOR THE GRAPHICS TO BE RIGHT..... NEW TV PLUS PS3 PLUS GAME $2.300.00 AUS :( ALL THIS FOR JUST TO PLAY A GAME :(

Symphonycometh
Symphonycometh

@laboy: You could always buy a 360 since its cheaper...unless you want the few exclusives that my dear PS3 has...:(

maddogg959
maddogg959

yo i cant wait i need media on gta4 not sum **** about money and consoles

laboy
laboy

I fan of the GTA saga...but this mean that i need to buy a PS3 when the game release....

ranvirusdomx
ranvirusdomx

I hope GTA4 is good (it will be) cause i really dont want to stop playing the GTA series there great ::::Ive already made up my mind im buying it:::: RANGERZ001

Wardenb
Wardenb

they may be screaming now but when GTA4 comes out they will be singing :D

grimboy
grimboy

i already know that GTA4 will be the sh*t, but rockstar should do a few things to improve it and the series as a whole. 1. give it good graphics. like, really really good, "oh my god its like watching the coolest action movie ever" graphics. 2. make it fully online. not like a few mini games here and there, but actually make it a fully online world. like one of those mmorpgs where there are not just the players but random npc civilians as well, but minus the elves and magic and all that crap. 3. make it easy enough so that the cheats are still useful, but you don't need them to win. 4. make the missions less annoying. 5. make the story less of an excuse to wreak havoc, but more of a driving force. 6. make the driving less wonky. 7. make the people you guard or fight alongside in certain missions (a.) smarter and (b.) less vulnerable. 8. give it some functioning tactics for the crews, not just stay and come. 9. fix the friggin targeting system already! and 10. if you're going to make psp versions, (a.) don't make them a step back from the latest console version (liberty city stories) and (b.) if you're gonna put any new gta on multiple systems, just do it all first day to avoid system jealousy and avoid looking like jackasses because everyone knows that you can't keep secrets.

taino1128
taino1128

i hope rockstar and take two dont go out of business

Big_Boss11
Big_Boss11

it shows that Take Two and Rockstar need the GTA series to survive

comthitnuong
comthitnuong

They should be able to get some profit once GTA IV comes out.

icybl00d3d
icybl00d3d

Nyeh.. dont worry theyll make all their money back with the new GTA im sure everyone who owns a 360 will have one so....

blacktorn
blacktorn

Can't wait to see what GTA 4 will look like,i hope it reaches my expectations.

zsc4
zsc4

Well when GTA comes out, then they will be laughing :lol:

MedevilDragon
MedevilDragon

People need to start buying more Take-Two games and stop buying EA crap!

PackersRock
PackersRock

Ouch, I hope they get their act together.

Nuke_trooper
Nuke_trooper

It'll be great if you could choose who you wanted to play as just like the first GTA game. Not that it made any differance in that game who you played as.

darklight86
darklight86

Meh all gta's from 3 onwards are the same. I bet this one is too.

datniccah187
datniccah187

Few more weeks and we get to take a look at the new GTA, pretty excited. Should be good times. I'm sure rockstar will keep up the good work with the series. I mean they just seemingly get better and better. One would thing it would be time for a let down. But everytime i new GTA comes out its the same thing. Its better than any of the others. So we'll see if it keeps up.

sherif2004
sherif2004

how could anyone think that rocketstar even lose one pound

Razzi65
Razzi65

hey any one knows.....whether CJ will main character or TOMY or TONY>>>or meeeeee lolzzzz

asmodeus_z
asmodeus_z

Eagerly awaiting the arrival of GTA on XBOX 360 ...

3DayFinisher
3DayFinisher

[This message was deleted at the request of the original poster]

LinKuei_warrior
LinKuei_warrior

its okay....there hasnt been a gta(not LCS or VCS) that has broken Rockstar/take twos back yet...so itll be alright.they really bring it...and considering they had 3 years to make this one screams its gonnabe awesome!

gatsbythepig
gatsbythepig

come on T2, how am I suppoesed to invest?

Cronaroth
Cronaroth

I dont think they DEPEND on GTA since they release other decent stuff---it's just GTA is EASILY their top selling title so it seems that way....I think Take Two have made plenty of other decent games...it's up to the public to buy them...

JimmyCos
JimmyCos

GTA IV will win a lot of money

casshern
casshern

I wonder how long it will be before a downloadable patch is available to unlock hidden adult material in GTA IV?

Re_ensurer
Re_ensurer

Still waitin' for this GTA IV trailer.

PoopTete
PoopTete

gta will score higher than halo...again. but im reserving both yay 360!

Pete5506
Pete5506

GTA is going to pull them out

okassar
okassar

They need to get working on more than jus tthe grandtheft auto series.....and tennis/table tennis.....and the bully thing,blah.

DeathmageMokey
DeathmageMokey

Nintendo should handle it well. They could combat it by saying it is merely a game, if Mr. Blow-hard Senator doesn't like it, he doesn't have to play it. But it will be awesome on the Wii. As will the Godfather.

DJ-PRIME90
DJ-PRIME90

I can hardly wait for the trailer:D

coolguy681
coolguy681

GTA IV man its going to be da bomb!!!!

blackspyda
blackspyda

they'll make it back once GTA IV drops

Valen_Ca
Valen_Ca

Man Nintendo is going to take so much heat for allowing Manhunt on the Wii, I honestly can't wait to see what their PR guys do when Thompson starts tearing into them about it.

Somini
Somini

It's about time that we will see some screens or videos from GTA IV. I wanna see a trailer NOW!!!