Take-Two reports 76 percent jump in Q3 revenue led by NBA 2K13 sales

Take-Two announced strong results today for the third quarter of its 2013 fiscal year, reporting a 76 percent year-over-year increase in net revenue led primarily by 4.5 million units shipped of NBA 2K13.

For the quarter ending Dec. 31, 2012, Take-Two tallied net revenue of $415.8 million, a 76 percent jump over the $236.3 million of revenue for the same period in 2011. Net income for the quarter increased by 399 percent to $70.9 million from $14.2 million.

According to Take-Two, the three "strongest contributors" to revenue in the quarter were NBA 2K13, Borderlands 2 and catalog sales of games including Grand Theft Auto 4 and Red Dead Redemption. Borderlands 2 was released in September, at the tail end of Take-Two's previous fiscal quarter; Take-Two has now shipped nearly 6 million units of the game, which makes it the most successful 2K Games title ever. Meanwhile, NBA 2K13 has become "the most profitable release in the history of 2K Sports," said Take-Two chairman and CEO Strauss Zelnick during an investor call this afternoon.

"Take-Two's positive business momentum continued in the third quarter, enabling us to deliver growth and profits that exceeded our outlook," said Zelnick. "With consumer anticipation building for the launches of BioShock Infinite and Grand Theft Auto 5, we are well positioned for a solid finish to fiscal year 2013 and substantial revenue and earnings growth in fiscal year 2014."

On the back of its strong third quarter, Take-Two is increasing its earnings expectations for the full fiscal year, which will end March 31, 2013.

More from Polygon

The horror of Five Nights at Freddy's

  • Dark Souls 2: Crown of the Old Iron King Overview

  • Spacecom: a fast 4X built for multiplayer

  • Pillars of Eternity builds on role-playing classics

  • Tour the 1 KB hard drive built inside Minecraft

Latest Discussions

Log In Sign Up

Log In Sign Up

Please choose a new Polygon username and password

As part of the new Polygon launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to Polygon going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new Polygon username and password

As part of the new Polygon launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to Polygon going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.



Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.