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Net loss for the quarter was $50.4 million, in comparison to $8.2 million in the same period the previous year. For the six month period ending April 30, net loss is reported as $79.5 compared to a net income of $47.1 million for the same period last year.
Take-Two has attributed the lower results for the period to the general retail weakness for video game software, plus the difficulties in matching the strong sales of GTA: San Andreas of the previous year. The company does, however, expect to return to profitability in the fourth quarter of fiscal 2006.
Highlights for the second quarter have been The Elder Scrolls IV: Oblivion for PC and Xbox 360, MLB 2K6, Top Spin 2, and 24 The Game. Rockstar Games’ best performers were GTA: Liberty City Stories on PSP, GTA: San Andreas for PS2, and Midnight Club 3: Dub Edition REMIX.
Titles for the third quarter include the already released Rockstar Games presents Table Tennis, GTA: Liberty City Stories on PS2, and The Da Vinci Code. Other titles arriving in Q3 include Prey, Sid Meier’s Civilization IV: Warlords, and CivCity Rome. Also arriving in 2006 will be GTA: Vice City Stories on PSP, Bully, and an unannounced PSP title based on a premier brand.
This winter should see the release of Sid Meier’s Railroads!, Stronghold Legends, Dungeon Siege II: Broken World, Dungeon Siege: Throne of Agony, and Family Guy. The 2K sports line-up of titles will also return for the 2K7 releases.
Looking ahead to 2007 and 2008, strong sales are expected from GTA IV on PS3 and Xbox 360, plus sequels to other successful Rockstar Games titles. Bioshock on PC and next-gen consoles, The Darkness, and Ghost Rider are also expected to perform well.
