Take-Two revenue drops 12% in Q1 2015

Take-Two reported $125.4 million in net revenue for the fiscal first quarter of 2015, a three-month period of time that ended on June 30. That represents a 12 percent decline compared to the same quarter last year ($142.7 million), and a 35.8 percent drop from the previous quarter.

The publisher also reported a net loss of $35.4 million, a 14.9 percent jump from its $30.8 million losses reported last quarter. That also compares favorably to the same quarter one year ago, as Take-Two's reported losses are a 42.8 percent decrease from the $61.9 million losses for fiscal Q1 2014. The publisher also announced a delay for one of its major upcoming releases, Turtle Rock Studios' Evolve, which will now launch on February 10, 2015.
[Image: Take-Two Interactive]

This article was originally published on Joystiq.