Take-Two posts $38M loss in first fiscal quarter
Aside from one 'shocking revelation and news of a Borderlands release shift, Take-Two's first fiscal quarter financial results did contain, you know, financial results. Ending January 31, 2008, the quarter saw a net loss of $38 million, a $16.5 million increase compared to the previous year's $21.5 million loss for the same quarter.
Net revenue for the three-month period was $240.4 million, a decrease from $277.3 million gained during the opening quarter of fiscal 2007. Key contributors to Take-Two's revenue were BioShock, the Wii's (and soon to be DS') Carnival Games, NBA 2K8 and the good ol' Grand Theft Auto franchise. Unsurprisingly, the publisher predicts improved results once the felonious franchise reaches number four.
