Take-Two Reports Profit of $356 Million During Q4 Thanks to Grand Theft Auto 5 and NBA 2K20

On Wednesday May 20, Take-Two released its Q4 and full year financial earning report. Among the company’s top selling games include Grand Theft Auto 5, Red Dead Redemption 2, Outer Wilds, NBA 2K20, and Borderlands 3.

Net revenue for the quarter was $760 million, gross profit $365 million, and net income of $123 million. For the entire fiscal year, net revenue was $3.09 billion, gross profit $1.55 billion, and net income $404 million.

 

According to Gamesindustry.biz, consumer spending for Q4 was up 47%, citing the success of NBA 2K20 and Grand Theft Auto Online content. NBA 2K20 was further highlighted for being watched by viewers for over 9 million hours via Twitch during Q4. Additionally, Borderlands 3 gained a raise in its active users due to its release on Steam.

Take-Two’s president, Karl Slatoff, further stated that the company aims to release 93 new games over the next five year period. This includes games developed by in-house studios and other outside partners. Half of these titles would be from existing IP, while the rest would be brand new franchises. These games would be designed for a mix of console, PC, mobile, and streaming releases.

Slatoff's statement can be read here.
 

Kurtis Seid, NoobFeed
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