Take-Two Loses $8.6 Million In First Quarter, L.A. Noire Ships 4 Million, RDR 11 Million

By Colin Tan on August 8, 2011, 7:25PM EDT

Take-Two has posted their financial report for the first quarter ending June 30, marking a net loss of $8.6 million despite high profile releases like L.A. Noire and Duke Nukem Forever.

L.A. Noire managed to ship 4 million units, but that's smidgens compared to Red Dead Redemption, which has so far sold 11 million units. Take-Two would not provide numbers for Duke Nukem Forever.

"During the first quarter, we delivered revenue and Non-GAAP profits that were in line with our expectations," commented Strauss Zelnick, Chairman and CEO of Take-Two.

"Our results benefited from the launch of Rockstar's groundbreaking and critically acclaimed title - L.A. Noire, the release of Duke Nukem Forever, continued strong sales of NBA 2K11 and Red Dead Redemption, and growth in digitally delivered content. Given our solid performance year-to-date and robust pipeline of upcoming new releases, we are well positioned to be profitable on a Non-GAAP basis in fiscal year 2012."

For the next fiscal year, Take-Two have several titles already prepped, including BioShock Infinite, Spec Ops: The Line and Borderlands 2. Take-Two also has "a very strong pipeline of yet-to-be announced titles in development."

Source: IndustryGamers

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