Take-Two Interactive Software has released its financial results, and the company did very well in its second fiscal quarter (Q2), reporting better-than-expected earnings.
Driven largely by top performers Grand Theft Auto V, NBA 2K15, and Borderlands 2, Take-Two posted a non-GAAP net revenue of $135.4 million USD. That number is down from the same period in the year previous, when the company posted net revenues of $1.27 billion USD. That number was helped in large part due to the launch of Grand Theft Auto V.
Take-Two CEO Strauss Zelnick said that the financial results were driven by "strong catalog sales and continued growth in digitally-delivered revenue from recurrent consumer spending." Recurrent consumer spending was up 45% year-over-year, with games from their "deep catalog" like NBA 2K14 and Borderlands 2 cited as driving revenue. This category includes virtual currency, DLC, and online games.
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