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Take Two financials fail to reveal GTA V release date

Take-Two’s financials have been announced tonight and despite some hoping we would get a release date for GTA V, it’s not happening.

The results for the first quarter of its fiscal year 2013 show a net revenue of $226.1 million, a fall from $334.4 million for the first quarter of fiscal 2012.

According to the press release Max Payne 3, the Grand Theft Auto franchise, Red Dead Redemption, Spec Ops: The Line, and continuing sales of NBA 2K12 all helped contribute to the strong sales of the publisher.

Revenue from digitally delivered content grew 33% year-over-year, accounting for 14% of net revenue, while retail sales also proved strong, growing 50% and accounting for 27% of net revenue.

“Although our first quarter results were below expectations due to lower-than-anticipated sales of Spec Ops: The Line and Max Payne 3, the outlook for our slate of upcoming releases is stronger than ever,” said Strauss Zelnick, Chairman and CEO of Take-Two.

“Our long-term strategy is to continue to grow our revenues and reduce the volatility of our results by complementing our core console business with digitally delivered content for mobile and online platforms,” added Zelnick.

Finally Zelnick also briefly touched on GTA V and missing PS3 exclusive, Agent.

“We haven’t talked about a release date, so we can’t talk about the credibility of a release date we haven’t announced,” said Zelnick on GTA V, before adding,

“We haven’t announced anything about the title yet,” when quizzed on the PS3 exclusive, Agent.

Edited On 31 Jul, 2012

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