Take-Two: revenues up in Q4, down overall for the year
by JC Fletcher 
on Dec 17th 2009 6:00PM
Take-Two
warned us (and investors ... actually,
mostly investors) to expect smaller revenues for the fiscal year that ended October 31, and its
fiscal-year results, announced today, hold true to that portent. The company's net revenue for fiscal 2009 was $968.5 million, down from $1.5 billion. Take-Two attributes the loss to the lack of a game as strong as
Grand Theft Auto IV.
It wasn't all bad news, however. Net revenue in Q4 was actually up over 2008, from $323.4 million to $343.4 million. Take-Two attributes the success in this period to
Borderlands, NBA 2K10, both the
downloadable and
disc-based releases of the
Grand Theft Auto content and, yes,
GTA IV, which must have experienced a resurgence when
Gay Tony and
Episodes from Liberty City were released.
