Daily news, dev blogs, and stories from Game Developer straight to your inbox
Take-Two sales higher than expected thanks to NBA, XCOM
Thanks in part to 4.5 million copies sold worldwide of the latest in its basketball series, publisher Take-Two was able to beat Wall Street expectations by reporting $415.8 million in income for its December quarter.
February 5, 2013
1 Min Read
Zynga isn't the only video game publisher good news for its investors today. Take two ended its October through December, 2012 quarter (the third on its fiscal calendar) reporting revenues of $415.8 million. Not only is this a significant bump from the $236.3 million it reported last year, it's also more than the $363.9 million average that Wall Street analysts were anticipating. The company attributed the jump mainly to sales of NBA 2K13, the latest in what has become a very successful series of basketball simulations. The company says it has sold 4.5 million copies worldwide, a franchise record. Other game that did well for the company included quarter debut XCOM: Enemy Unknown, the continued sales of Borderlands 2, and continued catalog sales of ever-popular titles including Grand Theft Auto IV and Red Dead Redemption. In fact, catalog titles make up a surprising amount of the publisher's sales. During the fourth quarter, 22% of Take-Two's sales came from these older games. In all, the company says that it made $71.4 million in profit during the quarter, up from $14.1 million during the same period a year ago.
You May Also Like
Exploring the 2024 State of the Game Industry report - Game Developer Podcast ep. 39Feb 2, 2024
Phantom inspiration and the ethical auteur with Xalavier Nelson Jr.Dec 8, 2023
Designing Killer Queen: from playground experiment to modern arcade sensationOct 18, 2023
Rod Humble and King Choi illustrate the ambition of Life By YouSep 22, 2023
Get daily news, dev blogs, and stories from Game Developer straight to your inbox
Subscribe to Game Developer Newsletters to stay caught up with the latest news, design insights, marketing tips, and more