Take Two Interactive Financial Results & Future Strategy

Take Two Interactive Software just released their financial results for its first quarter which ended on January 31,2010. Good news iss that their revenue for the first quarter went up to $163.2 million compared to last year’s $149.4 million. Also, their losses were reduced down to $33.8 million ($0.43 per share) from $53.8 million ($0.71 per share). Basically, they did okay for their finance department.

Good news from the press release on their games is that ‘Bioshock 2′ sold 3 million and GTA IV passed the 15 million mark. Also, Take Two announced that there will be more DLC coming for ‘Borderlands’, which makes sense, since it was their strongest title of last year selling 2 million copies and continuing the sells.

Now for the bad news, ‘Red Dead Redemption’ will be delayed till May because Rockstar needed more time to polish the game and as for Take Two they said “they shifted because  it was an optimal time frame to release the game”.

As for the future strategy for Take-Two they will be implementing a restructuring of its corporate department and will be focusing more on their Jack of All Games distribution business.

Check out the full Press Release here.

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