Financial reports. Dull as dishwater. “Some company made some money, lost some money, here are some huge numbers that are incomprehensible to most people.” But, you know what? Accountants? Major teases. Major.
Don’t believe me? Allow me to elaborate, dear reader.
Yesterday, publishing giant Take Two released its figures for the first quarter of 2016-17 (April – June). In that time they made some money, lost some money, sold some games, and delayed some games. If you’re interested in the numbers, head on over to Gamespot’s coverage of the financials. Or do something more interesting, like… oh, I don’t know. Knit? Eat soup?
Here’s an interesting bit… Despite earning over $300 million, Take Two made a loss of nearly $40 million. That kind of thing makes shareholders nervous. Nervous shareholders dump stock. Dumping stock depresses share prices, making companies worth less, which makes shareholders nervous… you see where this is going?
How do you make sure shareholders keep their nerve? Promise them some good news. It doesn’t have to be specific. So here’s why, if you are a Take Two shareholder, you’ll be hanging onto that stock:
“Rockstar Games also is hard at work on some exciting future projects that will be revealed soon.”
~ A. Tease, Accountant, Take Two.
GTA V and GTA Online have been major successes for the publisher, and every Rockstar game – and they are as far from an annularly franchised developer as can be – is waited for almost breathlessly by an eager throng for years.
What can we expect? Grand Theft Auto 6: Tokyo Thrift? Red Dead Revolving Revengeance? Table Tennis II? Place your bets, ladies and jellyspoons!
Disclaimer: This author knows nothing about shares and the stock market, which is why he’s writing an article about accounts at ten to midnight in threadbare jammies and guzzling diet coke, rather than gadding about in a solid gold jet, sipping chilled sancerre and wearing diamond clogs.