Latest in Gaming

Image credit:

Take-Two reports slight bump in revenue for Q2

Mike Suszek, @mikesuszek
October 30, 2014
Share
Tweet
Share

Sponsored Links

Take-Two reported $126.3 million in revenue for the second quarter (ending September 30), a slight increase compared to the $125.4 million in revenue the publisher reported last quarter. It also represents a 15.1 percent decline compared to the same quarter last year, a period that itself didn't benefit from the launch of GTA 5, but rather The Bureau: XCOM Declassified and Borderlands 2 GOTY. By comparison, Take-Two didn't have many releases in the past quarter, save for three mobile games: Civilization Revolution 2, BioShock and WWE SuperCard.

The company also reported a net loss of $41.4 million for the quarter, representing a 66.7 percent improvement year-over-year, yet a 16.9 percent decline from its net losses for the last quarter ($35.4 million). With games like NBA 2K15, WWE 2K15, Borderlands: The Pre-Sequel and Civilization: Beyond Earth arriving during the following quarter, Take-Two increased its non-GAAP (Generally Accepted Accounting Principles) net revenue projections from $745 million to $760 million for Q3 2015.
[Image: Take-Two]



All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

LG's rollable OLED TV goes on sale for $87,000

LG's rollable OLED TV goes on sale for $87,000

View
Cyberpunk 2077's dialogue was lip-synced by AI

Cyberpunk 2077's dialogue was lip-synced by AI

View
Parallels brings Windows 10 to Chromebooks

Parallels brings Windows 10 to Chromebooks

View
iPhone 12 and 12 Pro review: Apple enters the 5G era

iPhone 12 and 12 Pro review: Apple enters the 5G era

View
Netflix plans to boost subscriptions with 48-hour StreamFest

Netflix plans to boost subscriptions with 48-hour StreamFest

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr