US publisher Take Two Interactive has announced its financial results for the fourth quarter and full year ended October 31st, revealing that profits fell slightly despite the strong performance of Grand Theft Auto: San Andreas.
Results for the fourth quarter saw a $62.6 million profit on sales of $438 million, a huge improvement over last year's $26.3 million profit on sales of $277 million, reflecting the worldwide success of San Andreas during the period.
However, full-year results were more mixed; while the company's revenues rose by $100 million to a massive $1.13 billion compared with FY2003, its profits actually fell from $98.1 million to $65.4 million, largely due to an increasing percentage of the firm's sales being made up of low-margin titles.
Take Two took the opportunity presented by the results announcement to reveal a number of changes to their release schedule for 2005, including confirmation that The Warriors has been delayed into the second calendar quarter, while Midnight Club 3: DUB Edition is now due to arrive in calendar Q1.
Most notably, however, the company has announced that an Xbox version of Grand Theft Auto: San Andreas will ship in the June quarter, along with the previously announced PC version of the game.
Take Two has also revealed that while the new EA deal with the NFL will prevent it from doing a licensed professional football title next year, it is exploring other options which would allow it to continue the successful ESPN football series.