Thursday, December 17, 2009

Take-Two year-end results slip 37%, Borderlands sells 2M

Pcgamelist collect all the game news and game reviews that you need in gaming previews game demos and real. By Tom Magrino, GameSpotPosted Dec 17, 2009 2:12 pm PT

Publisher suffers from GTAIV-less 12-month punctuation as income artefact to $968 million, Q4 notch wider than expected; Spec Ops cod before November 2011.

Take-Two gave investors anything but cause for pass cheer early this punctuation when it substantially scaled back its earnings estimates for its business ordinal quarter. Thanks largely to a large shortfall created by its Major League Baseball licensing deal, Take-Two clipped $25 meg from its fourth-quarter income projections and cut earnings per deal counselling by $0.25. Investors responded immediately, as Take-Two's have subsequently drop 30 proportionality of its value.

Borderlands belike won't be kissing anyone good-bye in the near future.

With investors and analysts thusly braced, Take-Two today officially declared its results for the business assemblage and ordinal lodge ended Oct 31. Total fiscal-year income amounted to $968 million, a far scream from 2008's $1.54 billion haul, which included the record-setting launch of Grand Theft Auto IV. Take-Two also reportable a $137.9 meg net expiration during the punctuation ($1.80 per share), a hammy reversal from the year-ago period's $97.1 meg profit.

Take-Two's fourth-quarter income actually rose from last year, though they came in lower than modify the publisher's updated projection of $350 meg to $375 million. During the August-October period, income were $343 million, up 6 proportionality from the $323 meg generated during the aforementioned months a assemblage ago. Losses accumulated during the quarter, however, as the house reportable a deficit of $22 million, or $0.28 per share, compared to $15 meg a assemblage ago.

Take-Two has previously indicated that Gearbox Software's well-received newborn franchise, Borderlands, haw see a follow-up. Today, the house affirmed the game's success, saying it has sold 2 meg units worldwide since its late-October launch. Other top performers during the punctuation included NBA 2K10, Grand Theft Auto: Episodes from Liberty City, Grand Theft Auto: The Ballad of Gay Tony, and Grand Theft Auto IV.

The house also provided a narrowed promulgation pane for Spec Ops: The Line, its fresh declared third-person tactical military shooter. Take-Two expects to promulgation the Yager-developed mettlesome after kinda than sooner, as the Xbox 360, PlayStation 3, and PC title is today slated for the publisher's business assemblage success Oct 31, 2011.

As previously announced, Take-Two continues to wait its MLB business to matter heavily on its underway fiscal-year results, with earnings due to start in between $1.0 billion and $1.2 billion for the punctuation success Oct 31, 2010. Still, Take-Two expects to promulgation a number of expected titles during its underway business year. These titles allow BioShock 2 on Feb 9 and Red Dead Redemption on April 27, as substantially as Mafia II and Max Payne 3 after in the year.

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