Take-Two Interactive's Second Quarter Fiscal 2012 Results
are in, showing losses, though these are not as great as had been expected: "For the second quarter of fiscal 2012, net revenue was $107.0 million, as compared to $245.0 million for the second quarter of fiscal 2011, which had benefited from the releases of Mafia II
and Sid Meier's Civilization V
, and the post-launch performance of Red Dead Redemption
. GAAP loss from continuing operations was $47.3 million, or $0.57 per share, for the second quarter of fiscal 2012, as compared to GAAP income from continuing operations of $8.0 million, or $0.09 per diluted share, for the year-ago period. Non-GAAP net loss was $39.4 million, or $0.47 per share, as compared to Non-GAAP net income of $18.4 million, or $0.20 per diluted share, for the year-ago period." Looking forward, they express high hopes for GTA5
, though they do not specify when this was expected. They also say "2K Games now expects to release XCOM
during fiscal 2013," which is a delay for the X-Com-based shooter, which was previously expected
in Fiscal 2012. This means the game is now expected between April 1, 2012 and March 31, 2013.