Category Archives: take-two financials

Rockstar and 2K parent company Take-Two has released its fourth quarter and FY 2013 financial report, showing increased revenue and profits off the back of BioShock Infinite and Borderlands 2, a jump in digital revenue, and a bustling upcoming release schedule.

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Take-Two has reported its Q3 earnings for fiscal year 2013 with profits of $415.8 million compared to $236.3 million year-over-year.

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Take-Two has posted its Q2 financial forecast, suggesting a loss of $12 million compared to the same period last year.

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Hurricane Sandy’s wrath has affected almost too many to count over the past few days, and now it has inconvenienced one major video game publisher as well.

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Borderlands 2 is selling “in line to slightly ahead of expectations,” since it launched on Tuesday, September 18 in the US, according to Robert W. Baird & Co. analyst Colin Sebastian; however, the firm’s enthusiasm for Take-Two is “tempered” by increasing uncertainty over the presumed March 2013 launch timing for GTA 5. Speaking in an industry note, Sebastian said the Gearbox shooter could “exceed” its original shipment expectations of 3 million units. During a a meeting with investors last night, Take Two CEO Strauss Zelnick said delays caused the publisher to miss its financial targets for Q4 and year end 2012.

Speaking to investors, Take Two Interactive CEO Strauss Zelnick said delays caused the publisher to miss its financial targets in the past year.

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This just happened. What you’re listening to below is someone trolling Strauss Zelnick and other Take-Two executives in their Q1 financial call. This almost makes all the years of listening to these things worthwhile.

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Grand Theft Auto V has remained a steadfast “TBA” in Take-Two’s Q1 2013 financial release today, but the publisher assured the game is making “substantial progress”.

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