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PS3 Is Take-Two's Biggest Quarterly Revenue Generator

Take-Two Interactive fended off EA's advances and ended up with a pretty decent year, and although losses were up in the fourth quarter, the end result is far better than last year's. And perhaps surprisingly, Take-Two can attribute the majority of their recent quarterly haul to the PlayStation 3.

According to Kotaku, thanks to the 2008 sales of Grand Theft Auto IV, Midnight Club: Los Angeles, NBA 2K9, and Carnival Games, sales are definitely way up. If you haven't heard of the last name on that list, Take-Two says they have shipped over 3 million games in that series...so it shouldn't be too hard to locate. As for platforms as revenue generators for the previous quarter, the PS3 turned out to be the winner, with 35% on the publishing side. This tops the Xbox 360 in publishing dollars (28%) and the Wii (11%). We're seeing the PS3 versions of games performing much better in 2008 simply because we no longer have to suffer through the onslaught of piss-poor 360-to-PS3 ports. Developers have a firmer grasp of the PS3 architecture, and most all of them are creating their multiplatform games simultaneously on both consoles. No more of this port crap. Take-Two has certainly profited from treating the PS3 well; both the PS3 versions of GTAIV and Midnight Club were mostly identical to the 360 versions.

As for the entire fiscal year, Take-Two raked in over $1.5 billion in revenue, with about $97.1 million in net revenue. Obviously, this is a good deal better than the company's 2007 result, which came in at $981.8 million, causing a net loss of over $138 million. Okay, everyone say, "thank you, GTA!"

12/18/2008 Ben Dutka

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Comments (35 posts)

Dewi47
Thursday, December 18, 2008 @ 10:44:15 AM
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Cool!

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Joe_III
Thursday, December 18, 2008 @ 11:06:26 AM
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And the main reason for that is cuz the 360 is the lead console. So it gets the brunt of the development costs to balance out the sales.

Although their stock is taking a beating yesterday and today...

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Crono
Thursday, December 18, 2008 @ 4:03:15 PM

Hmm.. except this is revenue only, no costs being considered.

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aaronisbla
Thursday, December 18, 2008 @ 10:03:32 PM

joe, what was the point of that? could have sworn that GTA4 was built from the ground up for both consoles

Last edited by aaronisbla on 12/18/2008 10:04:06 PM

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DB6
Thursday, December 18, 2008 @ 11:14:38 AM
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Dam right, Take Two should give the GTA creators a major bonus because between 360 and ps3 GTA racked up: 500 million in revenue in the first week!!! Thank you gta for saving take two from EA...

Last edited by DB6 on 12/18/2008 11:19:56 AM

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asianinvasian
Thursday, December 18, 2008 @ 1:32:00 PM
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they should make the dlc not exclusive

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www
Thursday, December 18, 2008 @ 1:34:02 PM
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"No more of this port crap"
Am glad the word port seems dead n buried,i hated dat word.

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kreate
Thursday, December 18, 2008 @ 4:39:58 PM

lol. i heard rumors that xbox version of last remnant gets laggy when there's too much units in the battlefield while the ps3 version have no issues =)

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Deleted User
Thursday, December 18, 2008 @ 1:42:04 PM
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You guys can thank MS for Take Two not being taken over by EA. The money given to them by MS was used for much more then exclusive content.

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FallenClyro
Thursday, December 18, 2008 @ 1:44:59 PM

Haha thats another reason why their rich :P I think Microsoft were stupid to give them that much money though...

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Deleted User
Thursday, December 18, 2008 @ 4:17:58 PM

What would you rather happen? If you knew how EA felt about GTA you would be quite happy they did.

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aaronisbla
Thursday, December 18, 2008 @ 10:05:51 PM

it was only $50 million, doubting that helped stop EA's takeover...

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Deleted User
Friday, December 19, 2008 @ 5:07:58 AM

Ill remember this when it goes on sale.

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aaronisbla
Friday, December 19, 2008 @ 6:47:43 AM

whats to remember? if you think the 50 million the gained from this actually had a hand in helping keep EA away from it, you are delusional

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BIG_E
Monday, December 22, 2008 @ 4:04:20 PM

JOSH DO YOU WORK THERE?

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jerocarson
Thursday, December 18, 2008 @ 2:45:02 PM
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microsoft should be weeping now, lol

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WorldEndsWithMe
Thursday, December 18, 2008 @ 2:55:02 PM
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Thanks GTA, but damn M$, you spent all that money on DLC that nobody wants now... thanks for being '08's worst douche in the world!

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Deleted User
Thursday, December 18, 2008 @ 4:17:11 PM

That nobody wants? The exclusive content is even out yet clueless.

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WorldEndsWithMe
Thursday, December 18, 2008 @ 4:56:39 PM

And yet, everyone seems to agree they have had enough of the game, no DLC needed.

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aaronisbla
Thursday, December 18, 2008 @ 10:07:52 PM

the DLC looks cool and all, but i wont be downloading it for my 360 version of the game, way too many other NEW games that i will be playing, won't really have the time for it.

Seriously, i commend MS for the ability to net those DLC exclusive contracts but they need to do other stuff if they wanna keep their lead. More awesome 1st party games for one, an area where sony imo really has MS beat hands down

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Deleted User
Friday, December 19, 2008 @ 5:08:22 AM

Once again ill remember this when it comes out.

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aaronisbla
Friday, December 19, 2008 @ 6:52:55 AM

not sure why you are responding the way you are josh,enjoy the dlc , no one is stopping you. All im saying is that when it comes out, ps3 users will be looking forward to Killzone 2.

And you still haven't addressed my other point, the one about how MS is gonna need more than just timed exclusives and exclusive dlc to stay ahead of the crowd.

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Deleted User
Saturday, December 20, 2008 @ 2:16:11 PM

They are doing quite well for now. With 2 new Halo games and 2 new GTA downloads for next year. It should be a riot.

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ec0li
Thursday, December 18, 2008 @ 4:09:13 PM
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How much did Microsoft spend for the exclusive dlc? I read somewhere it was around 50 mil. but don't quote me on that.

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Deleted User
Thursday, December 18, 2008 @ 4:18:28 PM

Yep.

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ec0li
Thursday, December 18, 2008 @ 4:30:53 PM

Considering GTA4 sold millions of copies on both systems...Take2 probably should not have agreed on exclusive dlc with Microsft. They would have made profit on both consoles. They're just depriving their PS3 fanbase of what will probably be great content. Another thing to is that dlc can also prompt new buyers into getting the original GTA4 disc to increase sales and they would be losing out on those new sales from the PS3 users.

The only thing I can think of is that Take2 maybe wanted quick upfront cash. They probably used the cash to maybe develop the dlc. Ah well...I'm just speculating.

Last edited by ec0li on 12/18/2008 4:36:32 PM

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SHADOW [Moderator]
Thursday, December 18, 2008 @ 5:13:56 PM

Why do people continue to forget this generation's most obvious lesson? Exclusive doesn't actually mean anything. If this DLC doesn't eventually hit the PS3 I'll be shocked.

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aaronisbla
Thursday, December 18, 2008 @ 10:17:24 PM

Shadow, MS got a contract with the $50 million they paid. Funny how it still sold well for the ps3 though haha

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watchit
Thursday, December 18, 2008 @ 6:36:56 PM
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shadows is right I expect the dlc in 6 months.

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aaronisbla
Thursday, December 18, 2008 @ 10:16:27 PM

honestly, im doubting THIS dlc will show up on the ps3. by the time it hits, killzone 2 is right around the corner anyways.

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Deleted User
Friday, December 19, 2008 @ 5:11:18 AM

No.

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N a S a H
Friday, December 19, 2008 @ 6:40:11 AM
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I don't see the big deal about the DLC. Unless it's free (which it won't be) I'm not buying it for my 360.


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King James
Friday, December 19, 2008 @ 11:02:14 AM
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I know you guys are in mid debate about the gta4 dlc, which I don't care about anymore because I will be playing killzone 2 and street fighter 4? (Josh, I don't know why u are giving Aaron a hard time) But how did the ps3 version of Bioshock do? that's 2k, right?

I thank take-two and rockstar for taking there time with the taking there time with the ps3 version of gta. it was great. some say better than the 360's. good for them.

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Deleted User
Saturday, December 20, 2008 @ 2:14:01 PM

Just given a lil hell.

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Superdynamite
Sunday, December 21, 2008 @ 7:08:53 PM
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Actually, the PS3 was the lead console for GTA IV. Common knowledge

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