Take-Two Interactive today reported reduced losses for the last quarter, while reducing its financial outlook for the full fiscal year to reflect its revised release schedule.
in particular helped the company move towards profits, shipping over 5 million units to date, while NBA 2K13
sold through 49 percent more units than the franchise's previous best-seller NBA 2K11
Take-Two also noted that other new releases like XCOM: Enemy Unknown
and DLC for Borderlands 2
have seen strong sales. The company's digital content sales grew by 108 percent year-over-year and accounted for 20 percent of the company's revenue for the quarter.
Elsewhere, past titles like Grand Theft Auto IV
and Red Dead Redemption
from Rockstar and the Sid Meier’s Civilization
franchise continue to contribute greatly to the company's revenues, it said.
With BioShock Infinite
on the way before the current fiscal year is over, and Grand Theft Auto V
penned for a release in Spring 2013, Take-Two CEO Strauss Zelnick noted that the next fiscal year should start with a bang for the company.
For the quarter ended September 31, 2012, Take-Two reported revenues of $273.0 million, up compared to revenues of $107.0 million year-over-year, and losses of $12.5 million, compared to losses of $47.4 million year-over-year.