Publisher Take-Two now expects fiscal year's net revenue to drop by $230 million

Max Payne 3 delayed till May

Rockstar’s third person shooter Max Payne 3 has been delayed by two months for a May 18th UK release on PS3 and Xbox 360.

As a result of pushing the title back into the 2013 fiscal year, publisher Take-Two Interactive now expects its net revenue for 2012 to drop by $210 million to $230million.

The publisher also now expects to report a loss for the year, with third quarter financial results to be released next month.

“We do not take changes to our release schedule lightly, and this short delay will ensure that Max Payne 3 delivers the highest quality, ground-breaking entertainment experience that is expected from our Company," said Take-Two CEO Strauss Zelnick.

"Max Payne 3 promises to be one of our most exciting releases to date, and we are confident that consumers will once again be amazed by Rockstar’s ability to take interactive entertainment to another level.”

He added that despite a potential net loss for 2012, the company was anticipating “substantial revenue growth” for 2013, and Non-GAAP Net Income of over $2 per share.

“We are well positioned to deliver growth and profitability over the long term,” he said.

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