eSports

Take-Two Interactive Software Reports $99M Profit, Post-Purchase Game Revenues Double

Video game developer Take-Two Interactive Software reported its financial results for its fiscal year 2021 second quarter. The company generated net revenues of $841M USD for the quarter ended Sept. 30, down 2% compared to $858M in last year’s fiscal second quarter.

While Take-Two’s total revenues slightly declined year-over-year, revenues from in-game purchases, virtual currency, and add-on content increased by 56% and accounted for 59% of total net revenues. The developer’s basketball simulation games NBA 2K21 and NBA 2K20 were amongst the largest revenue contributors during the fiscal year alongside titles such as Grand Theft Auto V, Red Dead Redemption 2, and the WWE series.

In total, Take-Two ended its fiscal year 2021 second quarter on a net profit of $99.3M, up 38.3% compared to $71.8M in the same period last year.