Summary
This 8-K/A filing by Take-Two Interactive Software, Inc. serves as an amendment to a previous report, primarily to correct an omission and clarify a statement made during their third-quarter earnings conference call for the period ended July 31, 2008. The amendment includes the previously omitted financial tables from their September 4, 2008, earnings press release. Investors should note that while the financial results themselves are now fully presented, the primary correction relates to a verbal misstatement about revenue attribution. Crucially, the company corrected a statement made on their earnings call regarding the Grand Theft Auto franchise. It was initially stated to represent approximately 60% of total publishing revenue for the third quarter of fiscal 2008. This has been revised to accurately reflect that the Grand Theft Auto franchise constituted approximately 60% of total revenue, and a more precise figure of approximately 69% of total *publishing* revenue for that same period.
Key Highlights
- 1Amendment to a prior 8-K filing to include omitted financial tables from the Q3 2008 earnings press release.
- 2Corrected a misstatement from the Q3 2008 earnings conference call regarding the Grand Theft Auto (GTA) franchise's revenue contribution.
- 3GTA franchise represented approximately 60% of total revenue in Q3 fiscal 2008.
- 4GTA franchise represented approximately 69% of total *publishing* revenue in Q3 fiscal 2008.
- 5The press release dated September 4, 2008, detailing Q3 fiscal 2008 results, is now fully attached as Exhibit 99.1.
- 6No new material financial information beyond the correction and the now-complete press release is introduced by this amendment.