Grand Theft Auto 5 and NBA 2K17 are two games that are pushing the financial limits of Take-Two Interactive, so it goes to show that crime and basketball simulators are what makes money.
Take-Two Interactive made $420.2 million in revenue in the second quarter of the fiscal year 2017 and this happens to be 21% up year over year. The publisher of both Grand Theft Auto and NBA 2K17 earned 39 cents for each share. When it comes to non-GAAP earnings it was 45 cents for each share and this was 16 cents more than what Wall Street had predicted.
The business of Take-Two has continued to outperform in the second quarter and earned strong net revenue along with booking growth that is better than expected. The Chief Executive said that they were outstanding results and they were highlighted by the launch of NBA 2K17, which has been record breaking and the robust demand for Grand Theft Auto V.
NBA 2K17 happens to be among the top selling annual franchises and its regarded highly among both gamers and critics. Grand Theft Auto V came out in 2013 and it has been among the top 10 best-selling games in the US since it arrived and it has continued to enjoy great sales.
The publisher has started it push with the launch of Mafia III, which they say is the fastest shipping game from 2K yet. The holiday season has already got off to a great start with Mafia III, WWE 2K17 and Civilization VI. It is thought that fiscal 2018 is going to be yet another strong year for the company. 2018 will of course see the developer making money from NBA 2K and GTA: Online.