Take-Two Q3 Results: Net Revenue, Net Income Surge
'Twas a good Q3 for Take-Two.
Publisher Take-Two Interactive has reported their third quarter financial results for the period ending December 31, and the results are rosy:
The company posted a net revenue of $405 million, a sharp increase of 71% compared to last year, and net income surged 148% to $78.8 million.
Take-Two cited Borderlands 2, XCOM: Enemy Unknown and NBA 2K13 as the biggest contributors to the good quarter, and catalog sales of Grand Theft Auto IV and Red Dead Redemption helped as well. In fact, catalog sales comprised 22% of the company's net revenue. As for sales/ship numbers, Borderlands 2 has passed 6 million shipped copies and NBA 2K13 has now sold over 4.5 million units. Take-Two's digital branch was up, too; revenues rose 244% and made up 23% of the net revenue. Yeah, digital just gets bigger and bigger.
As for future expectations, the publisher expects total net revenue for the fourth quarter ending March 31 to be between $235 million and $285 million, with full-year revenue totaling $1.15 billion to $1.20 billion. Bioshock Infinite and Grand Theft Auto V should be huge for Take-Two in the next fiscal year... Who's ready for those?
2/5/2013 11:55:40 PM Ben Dutka