A year after losing 140.5 million, Red Dead Redemption and NBA 2K11 have helped drive Take-Two to profitability, the publisher announced today.
Take-Two announced earnings of $1.16 billion over the 12 months ending October 31, which is a 65-percent growth of the previous year. Take-Two’s profits were $42.6 million.
“We have achieved our goal of profitability in a year without a new release of Grand Theft Auto. Our better-than-expected revenue growth and margin expansion were driven by strong demand for our diverse portfolio of games,” said CEO Ben Feder. “I am also pleased to report that our 2K Sports division was profitable during the period.”
