Take-Two reports $137 million loss

GTA parent says Borderlands has sold over two million copies though

Take-Two has revealed a massive loss in its results for the company's financial year end of October 31, 2009.

The firm announced a loss of $137.9 million compared to net income of $97.1 million for fiscal 2008. Take into account that last year's results included the huge launch of Grand Theft Auto IV though.

Year-end highlights, says the publisher, were the following:

  • Rockstar Games two awards at the 2009 Spike TV Video Game Awards
  • Borderlands from 2K Games has now sold over 2 million units worldwide and has established itself as a key franchise for Take-Two, for which the Company has long-term publishing rights.
  • NBA 2K10 from 2K Sports was the #1 selling and #1 rated basketball game
  • The Carnival Games franchise sold over 5 million units on Wii and DS
  • 2K announced that Spec Ops: The Line

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Boss Strauss Zelnick explained, "Our company and industry experienced a very difficult economic environment in 2009. We believe that 2010 will continue to be challenging and our outlook, while disappointing, reflects a prudent approach to managing our business.

"The fact remains that Take-Two is in a fundamentally strong position to build long term value. We have an outstanding portfolio of hit franchises based largely on internally developed and owned intellectual property, a team of extraordinarily creative and talented people, opportunities to extend our business to new media and markets, and the financial resources to support our strategies."