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While $500 million in sales is extremely impressive, they're still in the red when it comes to net income: http://finance.google.com/finance?fstype=ii&q=NASDAQ:
by fallentimes 18y ago
While $500 million in sales is extremely impressive, they're still in the red when it comes to net income:
http://finance.google.com/finance?fstype=ii&q=NASDAQ:TTWO http://finance.google.com/finance?fstype=ii&q=NASDAQ:TTW...
Additionally, GTA sales aren't recurring each year and although the GTA effect will certainly help them this year there's a lot of time between GTA releases to account for. I'd say $2 billion is pretty reasonable for a company that lost $138 million in FY07.
- jcromartie 18y agoThis really highlights just how tricky the video game business is. If any other software product could sell $500M in one week, the company would be in a great position. It makes one wonder if the current trend of such grand-scale commercial games is sustainable.
- aston 18y agoThe bottom line is so-so, but the top line's great for a company like Take Two. EA can afford to spend money to get hits, they just need more of them.