Take-Two’s Game Sales Up 6 Percent In Fiscal Q4, But Losses Grow
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Take-Two’s fiscal Q4 and full fiscal 2009 earnings report was somewhat anti-climactic, as the company warned investors that it would underperform guidance and analyst expectations about two weeks ago. Still, the numbers are a mixed bag:
SEE ALSO: UBS Media Week: Take-Two Still Beholden To GTA For Sales, But Also Its Business Evolution
Game sales were up vs. 2008: Net revenue for Q3 (its fiscal Q4) came in at $343.4 million, up 6 percent year-over-year. As usual, the GTA franchise pulled most of the weight: GTA: IV and the add-on content—Episodes from Liberty City, and The Ballad of Gay Tony—rounded out its best-sellers.
| 3Q 2009 | 3Q 2008 | |
|---|---|---|
| EPS | -$0.20 | -$0.28 |
| Net Income | -$15M | -$22M |
| Revenue | $323.4M | $343.4M |
It wasn’t enough to turn a profit, though. Take-Two (NSDQ: TTWO) swung to a $22 million, 28-cent per share loss; that’s bigger than the $15 million, 20-cent per share loss last year. Excluding charges, the company would’ve reported a $7 million, 9-cent per share profit. Analysts had been expecting a 33-cent profit before the company lowered guidance a few weeks ago.
Posted In: Entertainment, Games, Money, Earnings, take-two interactive
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