Blog Post

Take-Two’s Game Sales Up 6 Percent In Fiscal Q4, But Losses Grow

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:

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.

Release | Webcast