News: Take-Two posts losses of $138 million
Take-Two Interactive has released its financial results for its fourth quarter and full fiscal year with the headline news that the company posted losses of USD 138 million.
That compared with profits in the same period last year of USD 97 million, as overall revenues fell 37 per cent to USD 968 million.
However, the company did see an improvement in revenues for the fourth quarter year-on-year as sales went up from USD 323 million to USD 343 million – although losses for the three months to the end of October increased to USD 22 million, compared to USD 15 million in Q4 2008.
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