Take-Two Reports Small Loss, Borderlands Sells 10 Million
Posted on Wednesday, August 6 @ 15:00:00 PST by Daniel Bischoff
In Take-Two's first quarter financial results, the firm reveals that it saw a short decline of 12% and that the studios under its wing haven't had any issues continuing under a relatively lean operating budget.
In Non-GAAP net revenue, Take-Two saw 5% growth despite "net loss narrowed to $11.2 million." The studio specifically noted Grand Theft Auto V, Borderlands 2, and the NBA 2K franchise as movers on store shelves.
Strauss Zelnick, Chairman and CEO of Take-Two said:
During the fiscal first quarter, we delivered Non-GAAP revenue growth without the benefit of any major new releases. Our better-than-expected results were driven by the strength of our expanding portfolio of digitally-deliered offerings combined with persistent robust demand for NBA 2K14 and Grand Theft Auto V.Rockstar Games get specific shout-outs for specific updates to GTA Online and the planned release of Grand Theft Auto V on next-gen consoles and PC. Battleborn, XCOM, Civilization: Beyond Earth, Evolve, and others have promising outlooks for the rest of 2014 and into 2015.
2K Games also proudly reported that Borderlands 2 has shipped 10 million to consumers and that it's currently the company's highest-selling game. Borderlands offers 2K the ability to relax on faith that and "there's still a huge install base of consumers." 2K president Karl Slatoff said "Borderlands is beloved... we have very high hopes for The Pre-Sequel for current-gen platforms and PC." Slatoff added that they expect a really high-quality game.
For more, read the full report on Take-Two's website.
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