PlayStation Universe

Take-Two: GTA V making 'substantial progress'

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on 1 August 2012

Rockstar’s Grand Theft Auto V is making ‘substantial progress,’ publisher Take-Two said during its Q1 2013 financial report today.

Sadly that’s about the company was willing to divulge on the hotly-anticipated crime sequel, with the firm reluctant to unveil a solid release date for the game.

Take-Two Chairman and CEO, Strauss Zelnick, described sales of Max Payne 3 and Spec Ops: The Line as “lower-than-anticipated,” though in the case of the former the game has still managed to ship three million units worldwide.

Overall however Q1 proved less than stellar, with Take-Two reporting a net loss of $110.8 million in comparison to the $8.8 million figure posted last year. Net revenue meanwhile totalled $226.1 million, down from $334.4 million during the same quarter in 2011.

Nonetheless, Zelnick remained upbeat over the situation, noting the publisher has an incredibly strong line-up ahead of it.

“The outlook for our slate of upcoming releases is stronger than ever,” he said. “Early consumer enthusiasm suggests robust demand for our extraordinary lineup of upcoming releases, particularly Borderlands 2, NBA 2K13 and BioShock: Infinite.”