Take-Two Interactive's quarterly financial report is in and while profitablilty eluded the publisher, it did report a reduced loss compared to the previous fiscal year. Quarterly revenue doubled to $273 million USD (from $107 million the year before), while losses narrowed to $12.5 million USD for the three-month period ended September 31st, 2012. That's far better than the $47.4 million loss Take-Two was hit with during the same timeframe last year.
As you may have guessed, Borderlands 2 played its part in improving sales for the publisher. Shipments for title have now hit 5 million units. GTA IV and Red Dead Redemption were also cited as major contributors to the quarterly bottom line. Other highlights included NBA 2K13 which outsold the franchise's previous top-seller, NBA 2K11, by 49 percent thanks to record-setting first week sales, and XCOM: Enemy Unknown which enjoyed "strong digital sales."
Digital content sales in general have treated Take-Two right as revenue from that particular stream grew 108 percent year-on-year, ultimately accounting for a handsome 20 percent of the publisher's total revenue for the fiscal quarter.
With Grand Theft Auto V at last confirmed for a spring 2013 release, the publisher is betting on substantial growth in revenue and earnings... in fiscal 2014, anyways. In the meantime Take-Two has is playing it safe and reduced its fiscal 2013 guidance. BioShock Infinite's February 26th release still puts it in Take-Two's current fiscal year, and how well it actually does at retail will dictate what sort of end note the publisher will be playing before fiscal 2014 begins in earnest.