Take-Two has released it’s quarterly financial results and there are some surprising statistics inside.
First off Take-Two generated $1.5 billion in revenue in the last financial quarter which resulted in a net revenue of $97.1 million and that is where I got lost. I know the difference between revenue and profit but I get lost when looking at revenue and net revenueâ€¦ especially when they are so far apart?
Anyway back to the resultsâ€¦ They unfortunately made a net loss over the quarter but at least it was only $15 million. Which is much better than last years $138 million.
The leading platform for Take-Two was the PS3 which generated 35% of it’s sales, followed by the 360 with 28% and the Wii with a low 11%
So expect to see some great PS3 games, good 360 games and shoddy Wii ports in the new year.
Last Updated: December 19, 2008