Take-Two Narrows Net Loss, Says Rockstar Projects Will Be Revealed “Soon”

August 6, 2016 Written by Zarmena Khan

rockstar games 555x328

Take-Two Interactive announced in a press release that it has experienced a relatively successful first financial quarter for the fiscal year 2017. The company’s GAAP net revenue grew to $311.6 million, an increase of 13 percent from $275.3 million in the same period last year. GAAP net loss was narrowed down to $38.6 million. 

The biggest contributors to net revenue were Grand Theft Auto V, GTA Online, NBA 2K16 and even Battleborn despite the Gearbox title not performing as well as expected

Digital revenue was also up from $154 million $172.1 million, with GTA V, GTA Online and NBA 2K16 being the largest contributors. “Recurrent consumer spending (virtual currency, downloadable add-on content and online games) grew 18 percent year-over-year and accounted for 57 percent of GAAP digitally-delivered net revenue, or 31 percent of total GAAP net revenue,” wrote the publisher.

Elsewhere in the press release, Take-Two announced that Rockstar Games is “hard at work on some exciting future projects that will be revealed soon.”

Looking forward, Take-Two will be releasing The BioShock Collection, NBA 2K17, XCOM 2 (delayed), Mafia III, WWE 2K17 and Sid Meier’s Civilization VI for the PC.