Take Two Interactive Profits Are Down
August 9, 2011
Take Two Interactive, the fine people that in part brought you Red Dead Redemption and L.A. Noire , have reported that their profits were down for its fiscal year of first quarter 2012, which ended on June 30th, 2011. Regardless, they pretty much made what they expected to (so they say). They then re-calculated expected profits for the second quarter, ending September of this year. The publisher reportedly made $334.4 million this year, which is a sizeable drop from the $375.4 million they made a year ago.
Take Two made most of their money off of new releases like L.A. Noire and Duke Nukem Forever and were supplemented by digital content which encompasses 49% of their revenue. Does this mean anything to you? Maybe not currently, but it could effect long-term game development plans if profits continue to fall.
[Source: Take Two Interactive]
[Image via Kotaku]