More financial reports trickling in over the interwebs; this time it’s publisher Take-Two’s turn to reveal how much money they haemorrhaged. Their first quarter earnings report a net loss of $110.8 million, which is a sizeable increase on last year’s $8.8 million for the same period. CEO Strauss Zelnick attributed some of this to lacklustre sales of two of their games: Max Payne 3 and Spec Ops: The Line.

According to the Zelnick, both of those titles sold “lower than anticipated”, which is a shame because they’re both really great games. If you need convincing, head over to our Max Payne 3 and Spec Ops reviews.

As is the norm for many of these earnings reports, Take-Two fielded a number of telephonic questions from their investors. Many of those investors were asking the same thing: where is GTA V?

It’s true that “we’ve heard nothing, next to nothing, on GTA V development”, as one person so tactfully put it during the report. “We’ve seen a couple screenshots. The game is believed by the street to be implied by your [Zelnick’s] guidance for this fiscal year, but what believability do we have that this game is actually going to come out this year?”

Take-Two’s CEO didn’t mince his words in response to that question: “We haven’t talked about a release date. So obviously we can’t talk about the credibility of a release date that we haven’t announced.”

So basically, all the speculation you’ve heard about GTA V coming out this year, is pretty much just that: speculation. For now, keep the game’s release date pegged at “TBA”.

Sources: Eurogamer & Joystiq

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