Take-Two's revenue for July-September reached $858 million
Take-Two, as part of a conference call, shared the results for the second fiscal quarter. The publisher’s revenues increased by 74%, including thanks to the launch of new parts of Borderlands and the NBA.
Borderlands 3
The second fiscal quarter for Take-Two ended on September 30.
Its results are as follows:
- net income was $857.8 million. This is 74% more compared to the same quarter of 2018;
- net receipts (net bookings) during the same time reached $950 million. In annual terms, the growth reached 63%;
- net receipts in numbers alone also increased by 63% to $695.3 million. They accounted for 73% of the total net receipts. The indicator includes player spending on both the games themselves and DLC.
Take-Two reports that these financial results were achieved mainly due to the launch of Borderlands 3 and NBA 2K20. But the earlier hits are still going well.
The publisher provided data on sales of some games for all time (from the release date to September 30):
- Borderlands 3 — 7 million copies. The game was released on September 13 on PC, PS4 and Xbox One and has already sold 5 million in the first five days.;
- NBA 2K20 — 6 million copies;
- Red Dead Redemption 2 — 26.5 million copies;
- GTA V — 115 million copies. Take-Two also notes that the second fiscal quarter was the best in sales for both GTA V and GTA Online;
- Kerbal Space Program — 3.5 million copies.
The Outer Worlds
Unexpectedly, the report mentioned The Outer Worlds, which was released after the second fiscal quarter.
Exact sales figures are not given, but the game exceeded Take-Two’s expectations and became a commercial success. Next year it is planned to launch on the Nintendo Switch. According to Niko Partners analyst Daniel Ahmad, this could happen before March 31, 2020.
Also on the topic:
