{"id":60607,"date":"2018-11-07T22:51:00","date_gmt":"2018-11-07T22:51:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/330189"},"modified":"2018-11-07T22:51:00","modified_gmt":"2018-11-07T22:51:00","slug":"take-two-interactive-raises-financial-outlook-due-to-red-dead-redemption-ii","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2018\/11\/07\/take-two-interactive-raises-financial-outlook-due-to-red-dead-redemption-ii\/","title":{"rendered":"Take-Two Interactive raises financial outlook due to Red Dead Redemption II"},"content":{"rendered":"<p>Take-Two Interactive released <a href=\"http:\/\/ir.take2games.com\/phoenix.zhtml?c=86428&amp;p=irol-newsArticle&amp;ID=2375981\">its financials<\/a> for the second quarter ended September 30, reporting an 11 percent increase in revenue\u00a0to $492.7 million thanks to successful sales of\u00a0<em>NBA 2K19.<\/em><\/p>\n<p>Recurrent consumer spending (purchases of DLC, in-game currency and micro transactions)\u00a0grew 12 percent\u00a0and accounted for 49 percent of total net revenue.<\/p>\n<p>Net income increased to\u00a0$25.4 million, or\u00a0$0.22\u00a0per diluted share, as compared to a net loss of\u00a0$2.7 million, or\u00a0$0.03\u00a0per diluted share, for the comparable period last year.<\/p>\n<p><em>Grand Theft Auto V\u00a0<\/em>is still selling\u00a0well, and\u00a0<em>Grand Theft Auto Online <\/em>is exceeding\u00a0company\u00a0expectations even ahead of <em>Red Dead Redemption 2&#8217;s\u00a0<\/em>release.\u00a0<\/p>\n<p><em>NBA 2K19\u00a0<\/em>sales\u00a0increased\u00a010 percent compared to\u00a0last year&#8217;s release, driven primarily by growth in recurrent consumer spending. Digital downloads of the game\u00a0also increased significantly.<\/p>\n<p>Digitally-delivered revenue grew 18 percent\u00a0to $358.4 million and made up\u00a0for 73 percent\u00a0of the total revenue, with the company noting\u00a0that the split between digital download sales and physical sales are moving faster than initially anticipated.<\/p>\n<p>Because these financials are\u00a0for the three months ended\u00a0September 30, it\u00a0doesn&#8217;t include the launch of <em>Red Dead Redemption 2<\/em>, <a href=\"http:\/\/www.gamasutra.com\/view\/news\/329629\/Red_Dead_Redemption_2_made_725_million_over_the_weekend.php\">which generated $725 million<\/a> during its first three days on shelves.\u00a0<\/p>\n<p>However, due to better-than-expected sales of\u00a0<em>Red Dead Redemption 2,\u00a0<\/em>Take-Two has increased its\u00a0outlook for the full financial year,\u00a0expecting to hit\u00a0between $2.55 billion to $2.65 billion in revenue with income of around\u00a0$202 to $232 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take-Two Interactive released its financials for the second quarter ended September 30, reporting an 11 percent increase in revenue\u00a0to $492.7 million thanks to successful sales of\u00a0NBA 2K19. Recurrent consumer spending (purchases of DLC, in-game currency and micro transactions)\u00a0grew 12 percent\u00a0and accounted for 49 percent of total net revenue. Net income increased to\u00a0$25.4 million, or\u00a0$0.22\u00a0per diluted [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":60608,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-60607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/60607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=60607"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/60607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/60608"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=60607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=60607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=60607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}