Take-Two suffers loss of over $8 million; Red Dead Redemption sells 13 million, L.A. Noire closes in on 5M

Posted By | On 03rd, Feb. 2012

Take-Two has announced revenue details and sales figures for the third quarter of fiscal year 2011-2012, ending December 31st. Revenue is down by 40 per cent, coming down for $334.3 million during 2010-11’s holiday season to $236.3 million this year.

Take-Two says that they didn’t have many big games around this the time this year, whereas they had Red Dead Redemption: Undead Nightmare and Grand Theft Auto IV: The Complete Collection last time. The NBA lockout has also been harmful for them, they say. Net income during the holiday season has fallen from $49.5 million last year to $29 million this year.

They have also released sales figures, confirming that the western open world action adventure, Red Dead Redemption has sold a total of a whopping 13 million copies. L.A. Noire has sold almost 5 million units, and NBA 2K12 is at 4 million copies.

NBA 2K12, Red Dead Redemption, NBA 2K12, Grand Theft Auto, Midnight Club Los Angeles and Borderlands brought in the most revenue for Take-Two Interactive during the third quarter.

Digital sales made up for 11% of the revenue, with most profit coming off Grand Theft Auto III for iOS and Android. DLCs for GTAIV, Red Dead Redemption and L.A. Noire also made up for a lot of the digital sales and contributed greatly to the net revenue.

The nine months net revenue from March 2011- December 2011 was down by almost $300 million compared to what we saw last year. It has fallen from $954.6 million from a year ago to $677.7 million, making Take-Two suffer a loss of $8.4 million, as opposed to the profit of $108.8 million they enjoyed last year.

As a result of disappointing revenue, Take-Two has updated their expectations for the fourth quarter and the full financial year as a whole. Net income for the fiscal year ending on March 31st is expected to be between $112 million and $162 million, down from the initially predicted $225 million to $275 million.

Take-Two expects the net revenue for the entire fiscal year to be between $790 and $840 million, as opposed to the $1 billion to $1.1 billion they previous expected, attributing this to the delay of Max Payne 3’s release.


Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Metal Gear Solid Delta: Snake Eater’s Aim is to Ensure That the “Series Lives on for Future Generations”

Metal Gear Solid Delta: Snake Eater’s Aim is to Ensure That the “Series Lives on for Future Generations”

Metal Gear series producer Noriaki Okamura wants a newer generation of players to embrace the series whilst ma...

Metro Awakening Interview – Bringing the Horrors of Metro to VR

Metro Awakening Interview – Bringing the Horrors of Metro to VR

Game director Samar Louwe speaks with GamingBolt about the Metro franchise's virtual reality debut.

S.T.A.L.K.E.R. 2: Heart of Chornobyl Has Gone Gold

S.T.A.L.K.E.R. 2: Heart of Chornobyl Has Gone Gold

Over three years since its reveal, the survival shooter will finally launch on November 20th for Xbox Series X...

Sony on Concord’s Failure: “We Are Still in the Process of Learning”

Sony on Concord’s Failure: “We Are Still in the Process of Learning”

"We probably need to have a lot of gates, including user testing or internal evaluation," said COO and CFO Hir...

Overwatch 2 Developer Teasing Mysterious Trailer for November 11th

Overwatch 2 Developer Teasing Mysterious Trailer for November 11th

The trailer could be for the rumored mobile version of Overwatch. Current general manager Walter Kong allegedl...

Death Stranding Surpasses 19 Million Players

Death Stranding Surpasses 19 Million Players

Kojima Productions' open world title launched for PS4 in 2019, before coming to PC the following year, and is ...