Tag Archives: take-two q1 financials 2009

Take-Two says that all future titles will have at least something on the back end for consumers, be it DLC or multiplayer.

The company refused to go into specifics, stating that it’s considered on a title-by-title basis, but it said it understood the consumer need for extra content.

The news comes from tonight’s Take-Two Q2 earnings call.

Kotaku’s noticed that the Houser brothers were confirmed getting a Take-Two stock windfall of 2,849,003 shares in last night’s Q1 financials, which equates to roughly $18 million.

Nice work if you can get it.

The Housers are now tied into producing games for the company until 2012. With profit share included, obviously.

Get the rest of the news from last night’s release here.

Seeking Alpha’s posted up the transcript of the microscopic Take-Two earnings call yesterday.

Pick over the bones if you feel the need. Get it all here if you can’t be bothered.

Take-Two boss Strauss Zelnick said in the firm’s Q1 earnings call today that mature content on Nintendo platforms is something he’s going to do well. Go, Strauss.

“I do believe there is an opportunity for M-rated titles on Nintendo,on the DS and on the Wii,” he said. “I believe we’re the right company to be delivering that content.”

Grand Theft Auto: Chinatown Wars is out March 20. Where’s GTA for Wii, then?

Take-Two’s confirmed GTA IV sales have now reached the 13 million mark worldwide.

“Over 13 million units of Rockstar Games’ Grand Theft Auto IV have been shipped as of January 31, 2009,” said the firm in its first quarter financial release.

No figures were release in either the cash statement or the now-concluded – and painfully quick – earnings call as to how many units of The Lost and Damned have been downloaded for the game’s 360 version.

The second piece of 360-exclusive DLC has now been confirmed for release before November this year.

Take-Two’s confirmed a first quarter loss of $50.4 million compared to a net loss of $38.0 million in the same period last year.

The publisher pinned the drop on “higher marketing, legal, and research and development expenses.”

Revenue for the three months ending January 31 rose slightly, up to $256.8 million compared to $240.4 million for the corresponding previous period.

Sales for the quarter were highlighted by Grand Theft Auto IV, Carnival Games, NBA 2K9 and Midnight Club: Los Angeles.

“Take-Two led off fiscal 2009 with somewhat better than expected performance,” said company boss Strauss Zelnick.

“Our sales reflected the continued strength and diversity of our portfolio of top franchises, including Grand Theft Auto IV, Carnival Games, NBA 2K9 and Midnight Club: Los Angeles. Looking to the balance of the year, the economy remains challenging and uncertain, and our industry will not be immune to this environment.

“Consumers will continue to be highly selective in their purchases, including interactive entertainment. We need to deliver innovative, exceptionally compelling products to compete for this more limited consumer spending, and we are confident in our ability to do so.”

The Take-Two conference call just ended, and the company is still keeping mum on DLC numbers for The Lost and Damned as well as pre-order numbers for GTA: Chinatown Wars for DS.

The company stated that they have no way of keeping track of preorder numbers,as far as Chinatown Wars is concerned.

The Lost and Damned, however, has already proven to be the best selling downloadbale content for Xbox 360 in the history of the console–yet they are still sitting on the numbers.

During the fiscal year, as of January 31, 2009, over 13 million units of  GTA IV shipped.

Analyst Michael Patcher has estimated that The Lost and Damned has sold into seven digits so far, and will reach 2 million by the end of the year.

It was confirmed, however that new DLC for GTA IV would arrive before the end of the year. So that is at least something to look forward to.

Take-Two just put out a press release listing BioShock 2′s platforms as “TBA”.

Immediate speculation has obviously risen as to whether or not there’ll be a PS3 version.

The news came as part of Take-Two’s Q1 financial release.

The game will hit before the end of the company’s financial year on October 31.

Take-Two announced the following games for the rest of the financial year as part of its first-quarter financial release today.

Note the GTA IV DLC.

• Beaterator – TBA
• BioShock 2 — TBA
• Borderlands — Xbox 360, PS3, Games for Windows
• Don King Boxing– Wii, DS
• Grand Theft Auto: Chinatown Wars – DS
• Grand Theft Auto IV Second Episode — Xbox 360
• Mafia II –Xbox 360, PS3, Games for Windows
• Major League Baseball  2K9–  PSP
• Midnight Club: Los Angeles –Downloadable
• Content – South Central Premium Upgrade– Xbox 360, PS3
• NBA 2K10 – Multiple platforms
• NHL 2K10– Multiple platforms
• Red Dead Redemption –Xbox 360, PS3
• The BIGS 2 –Multiple platforms

Take-Two just confirmed that the second episode of its 360-exclusive DLC for GTA IV will release this fiscal year.

That means it’ll hit before the end of October 2009.

The news came as part of Take-Two’s financials for the quarter ending January 31.

There was no other detail.

Here we go! It’s the big Strauss and Co ramalamadingdong! Take-Two will announce Q1 financials on March 10. It’s going to be awesome.

The press release hits at 4.15pm EST, followed by the conference call 15 minutes later. Get details for that after the break.

More »