Take-Two’s financials for the second quarter are looking a lot healthier than the same period last year thanks to key releases which included Borderlands 2.
The highly popular action RPG shooter from Gearbox has done extremely well shifting 5 million units with strong digital sales. This has helped Take-Two exceed their projections with net revenue reaching $273.1 million compared to $107.0 million for the same period last year. Strauss Zelnick, Chairman and CEO of Take-Two added:
“Take-Two’s second quarter revenue and earnings exceeded our outlook, driven by the breakout success of 2K’s Borderlands 2 and robust demand for our catalog and digitally delivered offerings. Our business continues to fire on all cylinders, led by terrific early results from 2K’s NBA 2K13, and the outlook for our upcoming releases such as BioShock Infinite is stronger than ever. As a result, we continue to expect to deliver revenue growth and Non-GAAP profits in fiscal year 2013. Moreover, with Grand Theft Auto V slated for spring 2013, we are poised to generate substantial revenue and earnings growth in fiscal year 2014.”
Gearbox are not giving anything away as far as commitments are concerned for a third game in the series but you can bet 2K will be pushing for it at some point in the future.Related to this article
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