Take-Two Interactive has published a financial report for the first quarter of fiscal year 2020. Despite the fall in stocks
How is it going
For the first quarter, the company received $ 540million, which is 39% more than last year. In addition, this figure exceeded expected revenue of $ 310-360 million. It is expected that 58% of the profits came from microtransactions and DLCs for GTA Online and NBA 2K19.
Thanks for the success of Take-Two is Rockstar. For example, Red Dead Redemption 2 sold 25 million copies, and Grand Theft Auto V has already been bought 110 million times. Civilization 6 also did not stay in the tail, becoming the fastest-selling game in the series, with a print run of 5.5 million. NBA 2K19 reached nearly 12 million copies sold, which, according to Take-Two, will make the game the most profitable in the series.
The company was so pleased with the result,that decided to raise forecasts for the end of fiscal year 2020. If earlier Take-Two planned to earn $ 2.6 billion, now it expects to profit up to $ 2.7 billion. According to estimates, revenue among subsidiaries will be divided as follows: 60% from 2K Games, 30% from Rockstar Games and 10% from Private Division, Social Point and other sources.
“We strive to continue this strong start,offering a wide range of new games throughout the year, including Ancestors: The Humankind Odyssey, NBA 2K20, Borderlands 3, WWE 2K20 and The Outer Worlds, as well as new and innovative ways for consumers to stay involved in their favorite entertainment. ”