Take-Two Interactive reports Q1 FY2015 results
Net Revenue grew 5%, Evolve release date pushed back to 2015
Take-Two Interactive Software today reported better-than-expected financial results for fiscal first quarter 2015, ended June 30, 2014.
For fiscal first quarter 2015, net revenue grew 5% to $151.6 million, as compared to $144.3 million for the year-ago period. The largest contributors to net revenue in this quarter were NBA 2K14, Grand Theft Auto V, Grand Theft Auto Online and Borderlands 2.
Revenue from digitally-delivered content grew 43% year-over-year to $106.4 million, led by the Grand Theft Auto series, the NBA 2K franchise and offerings for Borderlands 2.
The company has also outlined its upcoming release schedule. NBA 2K15, Borderlands: The Pre-Sequel, Civilization: Beyond Earth, and WWE 2K15 are all still expected in October. Evolve has now been delayed to February 10, 2015.
The PS4, Xbox One, and PC versions of Grand Theft Auto V are also expected sometime this Fall.
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