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Take-Two Interactive announces numbers for first quarter 2007

| 12 Mar 2007 20:18

Take-Two Interactive, the company besieged with legal fees over questionable stock option grants, managed still to post impressive numbers for the first quarter 2007.

Net revenue this quarter was $277.3 million, up from last year's first quarter net revenue of $265 million. Similarly, this quarter's net loss of $21.5 million is lower than last year's $29.1 million.

Take-Two blames the next-generation console transition for some sluggish numbers, but the overall growth of the games industry has cushioned those problems.

Disclosure(s): Strauss Zelnick, Chief Executive Officer and Chairman of the Board of Directors of Take-Two Interactive Software, Inc., is the head of ZelnickMedia, an investor in both Take-Two and Defy Media, LLC, our parent company. This article was published without approval or consent of ZelnickMedia or Take-Two.
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