14 DAY TRIAL // Take Two, the publisher that is in charge of franchises such Grand Theft Auto and Red Dead Redemption, has announced that it has seen revenue go down during the second fiscal quarter of the year, which ended on September 30, and also saw an increase in losses.
Sales for the company came in at 107 million dollars (77.5 million Euro), which is a significant decrease when compared to the 245 million posted during the same period of 2010.
At the same point last year Take Two had posted a small profit of 8 million dollars (5.79 million Euro) while this quarter the GAAP losses reached 43.7 million dollars (31.6 million Euro).
The best performers for Take Two were: the Grand Theft Auto franchise, the Red Dead series, Borderlands, Sid Meier's Civilization V, Midnight Club Los Angeles and NBA 2K11.
Digital revenue was 25 percent of the total sales, with the leaders again the main franchises listed above and older games in the Civilization series.
Strauss Zelnick, who is the Chief Executive Officer at Take Two, talked about the performance of the Facebook based CivWorld, saying, “We're really happy with the way it turned out. Stay tuned, we have a lot more to say about social gaming in the coming months.”
He added, “The second half of the year is off to a solid start with the launch of NBA 2K12, which received the highest ratings in the history of our industry-leading basketball series.”
The executive said that the on-going real life NBA impact has had some impact on the game but that sales are well inside the expectations of the publisher.
The publisher also talked about Grand Theft Auto V, which was recently announced, saying that Rockstar has the potential to deliver another big hit for the company.
The series has so far sold no less than 114 million units.