Take-Two Interactive Software today announced financial results for its first quarter ended January 31, 2006. Net sales for the first quarter were $265.0 million compared to $502.5 million for the first quarter of fiscal 2005, which included holiday sales of Grand Theft Auto: San Andreas for the PlayStation 2. Take-Two attributed the lower first quarter results to continued retail weakness for video game software and lower retail pricing during the holiday selling season in both North America and Europe, as the industry began to transition to new hardware platforms. The Company expects to return to profitability in its fourth quarter of fiscal 2006.