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Take-Two Interactive Net Revenues Hit $1.16 Billion; Remains Profitable Without GTA

JGaskill
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Posted December 17, 2010 - By Jake Gaskill









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Take-Two Interactive Revenues Climb 65 Percent Over

According to its latest financial earnings report, Take-Two Interactive saw net revenues rise to $1.16 billion over the past year, an increase of 65 percent, thanks to the performance of a number of high profile releases including Red Dead Redemption, Mafia II, NBA 2K11, Sid Meier’s Civilization V, and Grand Theft Auto IV: Complete Edition.


Echoing sentiments expressed in the company’s previous earnings report, Take-Two CEO Ben Feder stressed the importance of being able to grow revenue without a new release in Rockstar Games’ money printing Grand Theft Auto franchise.

"We have achieved our goal of profitability in a year without a new release of Grand Theft Auto. Our better-than-expected revenue growth and margin expansion were driven by strong demand for our diverse portfolio of games, including the hit new titles Red Dead Redemption and NBA 2K11, as well as strong sales of catalog titles and digitally delivered content. I am also pleased to report that our 2K Sports division was profitable during the period."

Take-Two also reported that Red Dead Redemption has now sold almost 8 million units worldwide and NBA 2K11 sales have surpassed 3 million units as well.

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Take-Two Interactive Net Revenues Hit $1.16 Billion; Remains Profitable Without GTA
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