Take-Two has released its financial report for the first quarter in its FY 2013.
According to the report, losses were heavy for the period coming in at $110.8m compared to just $8.6m from the same quarter a year ago. Lower than anticipated sales for Max Payne 3 and Spec Ops: The Line shouldered the blame for total figures falling below expectations.
Max Payne 3 has thus far shipped 3m units for all platforms since launch.
Still, the company is feeling bullish about its future thanks to a solid offering of upcoming potential blockbusters scheduled.
The outlook for our slate of upcoming releases is stronger than ever,” stated CEO Strauss Zelnick. Early consumer enthusiasm suggests robust demand for our extraordinary lineup of upcoming releases, particularly Borderlands 2, NBA 2K13 and BioShock Infinite. We continue to expect fiscal 2013 to be one of the best years in Take-Two’s history.”
You’ll notice Grand Theft Auto V was omitted from Zelnick’s declaration; while the game remained TBA as far as both release date and platform go, the company did say it was in ‘full development and showing substantial progress.’
We haven’t talked about a release date, so we can’t talk about the credibility of a release date we haven’t announced.” Zelnick explained.
As mentioned by Zelnick, Borderlands 2 has indeed been a bright spot for the company; pretty good considering the game isn’t even out yet. Pre-orders at retail have done ‘incredibly well’ so far, prompting Take-Two’s COO Karl Slatoff to describe consumer anticipation for the game as ‘phenomenal.’
"Pre-orders are currently the third highest of any title in Take-Two’s history, behind only Grand Theft Auto 4 and Grand Theft Auto: San Andreas."