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Take-Two Enjoys "Better-Than-Expected" First-Quarter Results

Yes, the digital era is essentially upon us. Get used to it.

Take-Two Interactive's quarterly results aren't too shabby, and it's due in large part to booming digital sales. The reported earnings for the period ending June 30 shows a 128% year-over-year growth in digitally delivered content, which ultimately accounted for over half (52%) of the total net revenue.

It also helped that the critically acclaimed Bioshock Infinite shipped 4 million copies and is expected to become the best-selling title in the vaunted franchise. Borderlands 2 has shipped 7 million units to date, and Grand Theft Auto IV and NBA 2K13 continue to pull their weight. The company posted a net revenue of $144.3 million, compared to the $226.1 million it posted last year. There's an overall loss of $47.1 million but that's better than the $98.8 million loss from 2012.

The loss was partly due to a title in development at 2K Games; they've spent $29.6 million on it and we wonder what it is... It seems like quite the blockbuster. Said Take-Two CEO Strauss Zelnick:

"Our better-than-expected first quarter results demonstrate that the market remains strong for the highest-quality interactive entertainment. We continue to benefit from robust demand for our recent genre-leading releases, iconic catalog titles and growing portfolio of innovative digitally delivered offerings."

If you've forgotten, Grand Theft Auto V explodes onto the scene on September 17. Talk about a cash cow!

Tags: take two interactive, take two games, take two sales, game industry

7/30/2013 8:59:06 PM Ben Dutka

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Comments (6 posts)

WorldEndsWithMe
Tuesday, July 30, 2013 @ 10:39:25 PM
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Dare I hope for a real Duke Nukem game?

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PlatformGamerNZ
Tuesday, July 30, 2013 @ 10:59:41 PM
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well gud for them the only games they have that they have that i care about borderlands which is a fantastic series and well i guess i give props to bioshock infintite cos i was a gud game even if i never play and/or get it.

happy gaming =)

Last edited by PlatformGamerNZ on 7/30/2013 10:59:51 PM

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touchyourtoes
Wednesday, July 31, 2013 @ 12:42:26 AM
Reply

I have 100 share of TTWO, here's hoping GTAV makes the stock soar! It went to $27+/- when 4 came out, granted EA made a bid to buy them then, fingers crossed the stock doesn't need EA or Activision manipulating the price this time.

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WorldEndsWithMe
Wednesday, July 31, 2013 @ 11:31:17 AM

Bold, I'm scared to invest in any gaming company.

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___________
Wednesday, July 31, 2013 @ 5:45:12 AM
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wonder what that game is.
hope its agent, but thats becoming about as likely as the last guardian ever seeing the light of day so..........
or maybe its the new game R* north are working on, the manager of my local EB was talking with me the other day saying GTAV wont be getting a next gen release because they already have another game in development to take its place.
not agent though as its multiplatform, unless $onys given up the rights to that like they did LA Noire.

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JROD0823
Sunday, August 04, 2013 @ 12:10:53 PM
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Take Two just got a little bit more money from me, because they had the Ultimate Edition of Max Payne 3 on sale through PS Plus for a ridiculous price, and I couldn't pass it up.

I wanted to play that game sooner, but couldn't justify buying it at launch, since I haven't played any of the old Max Payne games.

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