The massive publisher Take-Two Interactive has unveiled the results of their most recent fiscal year that ended on March 31. The publisher saw strong performances from some of their major titles to close out the year. Take-Two Interactive’s CEO and Chairman, Strauss Zelnick stated, “Take-Two has the strongest development pipeline in its history, including sequels from our biggest franchises as well as exciting new IP.”
Take-Two finished a stellar year with strong fourth quarter operating results highlighted by the outperformance of Grand Theft Auto Online and Grand Theft Auto V, as well as NBA 2K19, and significant ongoing sales of our blockbuster hit, Red Dead Redemption 2.
In the publisher’s earnings call regarding their fiscal year, the company had plenty to say about their best performing games. NBA 2k19 has sold 9 million units since its release last year, and the game has outperformed NBA 2k18 by an astounding 20%. Rockstar’s games have continued to dominate the market and “drive exceptional engagement and results.”
The studio’s Western epic, and last year’s best selling game in the U.S., Red Dead Redemption II has sold 24 million units. The game’s online mode is expected to finally leave beta in current quarter which ends in June. Grand Theft Auto V, the game that won’t quit, has sold an astonishing 110 million units. As of right now, the publisher’s next biggest title on the horizon will be Gearbox’s Borderlands 3 which is set to release this September.
Overall, the publisher saw a strong increase of their net revenue to $2.668 billion USD which is up 49% from $1.793 billion USD the previous year. Digital net revenue jumped up to $1.682 billion USD from $1.131 billion USD the year prior. The company’s net income saw an increase of an outstanding 92% to $333.8 million USD from $173.5 million USD in the last fiscal year. After these results, the publisher is predicting another strong performance for the next fiscal year.