Take-Two posts Q2 loss forecast
Take-Two has posted its Q2 financial forecast, suggesting a loss of $12.4 million compared to the same period last year.
CVG reports that between July to September the company posted revenue of $273 million – a significant increase over last year’s $107 million. However, when adjusted for expenses and other outgoings, the grand total equated to a loss of $12.4 million, where last year saw Take-Two posting a $47 million profit.
Meanwhile, Borderlands 2 shipped 5 million copies which should help. Don’t forget we’ve still got titles such as Bioshock Infinite and then the ever so popular Grand Theft Auto V in spring 2013. This will surely increase their revenues and earnings hugely.
The group confirms that the official Take-Two investor call will take place tonight, where we could see new information on GTA 5 and other Take-Two licenses.