2020 pandemic Coronavirus

Take-Two Interactive Revenues Soar Amid Pandemic-Spurred Gaming Boom

Reading now: 622
www.hollywoodreporter.com

Take-Two Interactive, the game studio behind the NBA 2K, Grand Theft Auto and Red Dead Redemption properties, on Wednesday reported significant growth in revenue in profits in its fiscal fourth quarter.

Earnings were spurred by a gaming boom brought on by the novel coronavirus pandemic, which forced people around the world to spend more time at home.

In its fourth quarter, which ended March 31, Take-Two saw revenue grow by 41 percent year-over-year to $760.5 million. Net income totaled $122.7 million, up 116 percent from a year ago.

The company's fiscal year 2020 revenue grew 16 percent to $3.089 billion, as compared to $2.668 billion in fiscal 2019. Net income increased 21 percent to $404.5 million, or $3.54 per diluted share, as compared.

Read more on hollywoodreporter.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA