Take-Two announced its financial results for the fiscal year ending March 31, 2013, revealing that the company took in $1.214 billion in sales last year, up from $825.8 million for the fiscal year 2012.
Take-Two notes that BioShock Infinite
met with "significantly" higher
sales than any previous BioShock
release, shipping over 3.7 million units to date. The company reports a net loss of $31.2 million over the past fiscal year, but projects between $1.75 to $1.85 billion in revenue for the current fiscal year (ending in March, 2014), spurred by upcoming releases like Grand Theft Auto V
and WWE 2K14.
The report notes year-over-year improvements in both revenue and net losses, bolstered by big sellers like Borderlands 2, NBA 2K13
, and XCOM: Enemy Unknown
. Catalog sales for older releases like Grand Theft Auto IV
and Red Dead Redemption
also saw strong performances, as Take Two noted a 192 percent year-over-year rise in revenue from digitally delivered software.