{"id":97942,"date":"2019-08-05T21:56:00","date_gmt":"2019-08-05T21:56:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/348088"},"modified":"2019-08-05T21:56:00","modified_gmt":"2019-08-05T21:56:00","slug":"digital-net-revenue-up-to-427-8-million-for-the-quarter-at-take-two-interactive","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2019\/08\/05\/digital-net-revenue-up-to-427-8-million-for-the-quarter-at-take-two-interactive\/","title":{"rendered":"Digital net revenue up to $427.8 million for the quarter at Take-Two Interactive"},"content":{"rendered":"<p>Take-Two Interactive has closed out the first quarter of its 2020 fiscal year with both net revenue and net bookings on the rise, prompting the company to raise its full-year projections after only one quarter.<\/p>\n<p>Net bookings jumped 46 percent year-over-year, coming in at $422.2 million from the quarter ending June 30 while net revenue rose 39 percent to $540.5 million.<\/p>\n<p>As such, net revenue from digital sources grew from $315 million $427.8 million year-over-year, a 36 percent jump, and now represents 79 percent of total net revenue for the quarter. The <em>Grand Theft Auto<\/em>, <em>Red Dead Redemption<\/em>, <em>NBA 2K19<\/em>, <em>Borderlands<\/em>, and <em>Civilization<\/em> franchises are all credited as big earners in this category during the last three months.<\/p>\n<p>Breaking that down into net bookings, or the \u201cnet amount of products and services sold digitally or sold-in physically during the period,\u201d those same franchises helped Q1\u2019s net bookings increase 51 percent year-over-year, rising from $252.8 million to $382.5 million for the quarter.<\/p>\n<p>This quarter saw the official launch of <em>Red Dead Redemption 2<\/em>\u2019s online mode at Take-Two subsidiary Rockstar Games, but the launch of the developer\u2019s <a href=\"https:\/\/www.gamasutra.com\/view\/news\/347961\/An_ingame_casino_gave_GTA_Online_its_biggest_player_surge_since_launch.php\">popular casino-focused update<\/a> for <em>Grand Theft Auto Online<\/em> notably came after Q1 had closed, so any boost from that launch won\u2019t be reflected until Q2 is posted.<\/p>\n<p>Looking forward, Take Two and its subsidies have games like <em>Ancestors: The Humankind Odyssey<\/em>,&nbsp;<em>NBA&nbsp;2K20<\/em>,&nbsp;<em>Borderlands 3<\/em>,&nbsp;<em>WWE 2K20<\/em>&nbsp;and&nbsp;<em>The Outer Worlds <\/em>on the way later in the financial year, and the company specifically notes as well that the results of Q1 led it to bump up its full-year projections<em>. <\/em><\/p>\n<p>Take-Two Interactive now expects to see net revenue between $2.83 to $2.93 billion and net income from $425 million to $454 million for the full financial year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take-Two Interactive has closed out the first quarter of its 2020 fiscal year with both net revenue and net bookings on the rise, prompting the company to raise its full-year projections after only one quarter. Net bookings jumped 46 percent year-over-year, coming in at $422.2 million from the quarter ending June 30 while net revenue [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":97943,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-97942","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\/97942","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=97942"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/97942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/97943"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=97942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=97942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=97942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}