Take-Two Rakes In $1.27 Billion, GTAV The Driving Force
It was bound to happen.
After delaying their earnings report for a day, publisher Take-Two Interactive has finally stepped up and delivered their record-breaking results.
Thanks in large part to the acclaimed Bioshock Infinite and Grand Theft Auto V, Take-Two reported a non-GAAP revenue of $1.27 billion and slightly increased their projections for the remainder of the fiscal year, from $2.2 billion to $2.3 billion.
After GTAV led all software sales in the September NPD report, Take Two confirmed that the blockbuster has sold "nearly 29 million units, exceeding the lifetime sell-in of GTAIV on consoles in less than six weeks after launch." That number does involve copies sold to retailers and not to consumers but even so, the company believes GTAV sales will continue to be strong throughout the next financial quarter.
Take-Two also cited over $118 million from strong catalog sales of GTAV, Borderlands 2, Civilization V, Red Dead Redemption and NBA 2K13. Downloadable content for those games, as well as Bioshock Infinite generated another $105.5 million. For the future, Take-Two has "ten unique titles planned for next-generation consoles, including multiple releases slated for fiscal 2015."
Break out the champagne!
10/29/2013 10:03:43 PM Ben Dutka