Take-Two: revenues up in Q4, down overall for the year
Take-Two warned us (and investors ... actually, mostly investors) to expect smaller revenues for the fiscal year that ended October 31, and its fiscal-year results, announced today, hold true to that portent. The company's net revenue for fiscal 2009 was $968.5 million, down from $1.5 billion. Take-Two attributes the loss to the lack of a game as strong as Grand Theft Auto IV.
It wasn't all bad news, however. Net revenue in Q4 was actually up over 2008, from $323.4 million to $343.4 million. Take-Two attributes the success in this period to Borderlands, NBA 2K10, both the downloadable and disc-based releases of the Grand Theft Auto content and, yes, GTA IV, which must have experienced a resurgence when Gay Tony and Episodes from Liberty City were released.
