TITLE

Grand Theft Auto IV Revs Up Take-Two Profit

AUTHOR(S)
Martin, Scott
PUB. DATE
September 2008
SOURCE
Red Herring;9/5/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the increase in the profit of New York City-based Take-Two in the third quarter of 2008 brought about by the strength of its popular game title Grand Theft Auto IV. The games publisher posted third-quarter net income of $51.8 million on revenue of $433.8 million, compared with a net loss of $58.5 million on $206.4 million in revenue in the same quarter a year ago. According to industry experts, Take-Two anticipated strong results on sales of Grand Theft Auto IV, driving a higher valuation for the company.
ACCESSION #
36646693

 

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