Take-Two fiscal Q3 sales led by (GASP!) Grand Theft Auto IV
Take-Two Interactive's third-quarter fiscal results have proven that crime really does pay, with law-breaking blockbuster Grand Theft Auto IV leading sales, alongside Top Spin 3 and Sid Meier's Civilization Revolution. The three-month financial period, ended July 31, 2008, saw the publisher rake in net revenues of $433.8 million, nearly double the $206.4 million it earned during the same, GTA-less quarter of 2007.
If you're reading this paragraph, we can only assume that you're keen on seeing even more numbers. Like $51.8 million, Take-Two's net income for the quarter and a considerable improvement on last year's net loss of $58.5 million. In terms of notable expenses, Take-Two burned through $12.6 million in "stock-based compensation," $1.8 million for "business reorganization" and $5.4 million for "professional fees and legal expenses," primarily aimed at warding off the advances of EA. Finally, net revenues for Take-Two's first three quarters in total were just over $1.2 billion, versus $689.2 million for the same period a year ago.
In summary: Grand Theft Auto IV = money.
