Take-Two Interactive, Inc. (TTWO)Take-Two losses climb to $50 million
GamesIndustry - March 11, 2009
Submitted by dryden (283)
at 1:42AM PST on March 11, 2009
Take-Two has reported a net loss of USD 50.4 million for the three months ended January 31, 2009, up from the USD 38 million loss for the same period in 2008.
Revenues for the first fiscal quarter were up 7 per cent from USD 240.4 million to USD 256.8 million, but the losses were blamed on high marketing, legal, and research and development expenses.