Take-Two Interactive's latest financial results for the last quarter, with revenue increasing thanks to the release of Borderlands 2. Other games that helped this quarter just gone are the success of NBA 2K13 and XCOM: Enemy Unknown.
Take-Two Interactive Software shares also increased 5% because of the good financial results, with Chairman and CEO of Take-Two, Strauss Zelnick talking about the recent success:|
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.
Over the past three months, revenues of $288 million were bought in, with profits of $10.2 million on that. Analysts had expected the company to make a loss, so this is definitely a nice surprise. Year-over-year results are also great, with last years only seeing revenue hit $107 million. Take-Two has a bright future ahead of them, with the very, very highly anticipated release of Grand Theft Auto V in spring next year.
- > NEXT STORY: American Express offering real-world prizes for Xbox 360 achievements
- < PREVIOUS STORY: Analyst: Medal of Honor brand might be dead