Take-Two revenue reaches $857.8 million in FQ2 2019
Take-Two reported the results of the second fiscal quarter. The publisher’s revenue grew 74%, driven in part by the launch of the new installments in the Borderlands and NBA franchises.
Borderlands 3
For Take-Two, the second fiscal quarter ended on September with the following results:
- net revenue is $857.8 million, up 74% from the same quarter of 2018;
- net bookings for the same period reached $950 million, up 63% year on year;
- digital sales jumped 63% and generated $695.3 million. This amounted to 73% of the total net revenue. This including players’ expenses both on the games themselves and on the DLCs.
Take-Two mainly attributes these strong results to the launch of Borderlands 3 and NBA 2K20. Earlier games, however, are still selling well too.
The publisher also provided lifetime sales data for select titles (from the release date to September 30):
Borderlands 3: 7 million copies sold. The game was released on September 13 for PC, PS4 and Xbox One and sold 5 million copies over the first five days;
NBA 2K20: 6 million copies sold;
Red Dead Redemption 2: 26.5 million copies sold;
GTA V: 115 million copies sold. It was the best quarter for GTA V and GTA Online;
Kerbal Space Program: 3.5 million copies sold.
The Outer Worlds
Surprisingly, the report also mentions The Outer Worlds, released after the second fiscal quarter. No exact sales figures are provided, but the game has already become a commercial success and exceeded Take-Two’s expectations. Next year, the company plans to launch it on Nintendo Switch. According to Daniel Ahmad, an analyst at Niko Partners, this could happen before March 31, 2020.
