The company made less money, mostly on NBA 2K12

Feb 4, 2012 02:41 GMT  ·  By

Video game publisher Take Two has announced it managed to get revenue of 236.3 million dollars (179.8 million Euro) during the fiscal quarter which ended on December 31 of last year, down when compared to the same period of 2010 by about one third.

A similar decline was seen when it comes to sales for the last nine months of 2011 and the company has also announced that it had losses of 41.7 million dollars (31.7 million Euro).

Looking to the future Take Two refused to offer any clear launch dates for high-profile games like BioShock Infinite, Borderlands 2 and Grand Theft Auto V.

The company has unveiled that the Red Dead franchise managed to sell more than 13 million units all over the world while L.A. Noire, which was launched in the first months of 2011, also succeeded in getting over the 5 million sales mark.

The best performer for the last quarter of 2011 was NBA 2K12, the basketball simulation that mixes current great players with legends of the past, which managed to sell 4 million units.

Continued sales of the Grand Theft Auto franchise, Midnight Club Los Angeles and the original Borderlands pushed up the results of the company, as well.

11 percent of the net revenue of Take Two has been linked with digitally distributed content and again GTA led the way, with the re-release of the third game in the series which was launched on the Android and iOS devices.

Strauss Zelnick, who is the chairman and the chief executive officer, has told investors that, “During the fiscal third quarter, we continued to execute strategically, creatively and operationally. We delivered results that were solidly within our expectations, driven by strong holiday demand for NBA 2K12, our popular catalog titles and digital offerings.”

He added, “Take-Two’s future is extraordinarily promising. We have a proven strategy focused on building compelling interactive entertainment franchises, the strongest development pipeline in the Company’s history, and ample resources to pursue our many growth opportunities. Fiscal 2013 is expected to be one of our best years ever.”