Net revenue for fiscal 2006 was $1.038 billion compared to $1.201 billion in fiscal 2005. Net loss for the year was $184.9 million or $2.60 per share compared to net profit of $35.3 million or $0.50 per share in 2005.
Take-Two blamed the downturn on a number of factors, including the game industry’s transition to next-generation consoles, higher development costs for next-gen titles, and continued investment in 2K Sports. The company believes its investments into next-generation development and the sports business will have a positive impact on its current fiscal year results.
The press release mentioned that starting in fiscal 2008 (which begins Nov. 1 2007), “2K will have new content based on its Civilization franchise and other products, including both original intellectual property and third-party titles”. This is most likely a Civ4 expansion pack, since it’s too early for Civ5.
Thanks to Gunner for posting about it.