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
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.
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.