While even big-name companies like THQ aren’t safe from bankruptcy, an industry giant like Take-Two is in the clear, with the last few months being very profitable for the company.
Take-Two’s revenue, fueled by Borderlands 2, NBA 2K13 and XCOM: Enemy Unknown, along with the ongoing sales of Grand Theft Auto IV and Red Dead Redemption, has led them to a non-GAAP net revenue of $405 million for their third quarter fiscal 2013. Compared to the $236.3 million of third quarter fiscal year 2012, that’s a 71% increase in revenue.
Strauss Zelnick, Chairman and CEO of Take-Two, commented on the current position of his company.
“Our results benefited from the record-breaking launch of NBA 2K13, along with continued strong demand for Borderlands 2, the successful launch of XCOM: Enemy Unknown, and robust holiday sales of our catalog and growing portfolio of digitally delivered offerings. With consumer anticipation building for the launches of BioShock Infinite and Grand Theft Auto V, we are well positioned for a solid finish to fiscal year 2013 and substantial revenue and earnings growth in fiscal year 2014.”
Take-Two is expecting an outlook of $235 to $285 million for the fourth quarter fiscal year 2013, totaling $1.15 to $1.20 billion for the entire fiscal year. And Take-Two is certain to keep going strong with Bioshock: Infinite and Grand Theft Auto V set to add millions in its pockets later this year.