Take-Two Interactive Reports Smaller Losses

| | Comments (0)
Take-Two Interactive, parent of labels like 2K Games and Rockstar Games, announced its financial results for the fiscal quarter ended October 31, 2007.
For this latest quarter, Take-Two reported a net loss of $7.063 million, compared to a net loss of $14.015 million in the same quarter the previous year.


This quarter's results include a lot of costs, including a $3.1 million loss related to the sale of Joytech, $1.5 million related to "unusual legal matters," $4.5 million in business reorganization costs and $4.8 million in stock-based compensation expenses.

Take-Two was pleased that BioShock has sold more than two million copies. The company also reported positive sales of Carnival Games for the Wii and older Grand Theft Auto titles.

Leave a comment

About this Entry

This page contains a single entry by Editor published on December 18, 2007 5:43 PM.

Peggle and Chuzzle Available for the Mac was the previous entry.

MTV Games Working With Jerry Bruckheimer is the next entry.

Find recent content on the main index or look in the archives to find all content.

 

Add to Technorati Favorites