Chris Kohler
Culture

Take Two In Red For 2007

Take Two has released (belatedly) its numbers for the 2006 fiscal year, and it’s not good news. Revenue and profits are both down, and it’s a net loss of $184.9 million on $1.038 billion of revenue. Here’s their explanation: The company blamed the fall in results on the transition between console generations; specifically delays and […]

T2_1Take Two has released (belatedly) its numbers for the 2006 fiscal year, and it's not good news. Revenue and profits are both down, and it's a net loss of $184.9 million on $1.038 billion of revenue.

Here's their explanation:

The company blamed the fall in results on the transition between console generations; specifically delays and acceptance of new hardware by consumers and a lower average selling price of current generation software.

I'm gonna condense this down into "we totally missed the boat on that whole Wii thing." Compare to Ubisoft.

Final Take Two Results See Company In Red [Gamasutra]