Take-Two Heads to the Bank With Red Dead Redemption
Take-Two is laughing all the way to the bank with Red Dead Redemption, which has led the company to it’s first profitable year without a major GTA release. The company saw net revenue for its fiscal third quarter reach $354.1 million, up significantly from the $94.9 million reported last year during the same time period. Leading the profits is Red Dead Redemption, which has shipped 6.9 million copies worldwide since the May release.
Take Two sees this as proof that they are not dependent on the GTA brand. “While there’s understandably interest in the timing of our next Grand Theft Auto title, we’ve shown our business is much more than that iconic brand,” said company Chairman Strauss Zelnick earlier this afternoon. “In addition to Grand Theft Auto, our portfolio now includes Red Dead Redemption, BioShock, Borderlands, NBA2K, Midnight Club, Sid Meier’s Civilization, and Carnival Games. Each of these titles ranks among the industry’s most successful properties and each of our labels is contributing to our success.”
Of course, the studio also just released Mafia II, and hasn’t yet commented on it’s earnings from the game other than to say that they expect it to be profitable.
