No longer are Take-Two at the mercy of Grand Theft Auto’s mega launch sales to earn a buck, as ”net revenue grew 65%” year-on-year without it.
”For the twelve months ended October 31, 2010, net revenue grew 65 per cent year-over-year to $1.16 billion,” read the wordy Take-Two fiscal year report.
”GAAP income from continuing operations increased to $49.7 million, or $0.58 per diluted share, as compared to a loss of $130.4 million, or $1.70 per share, for the year-ago period.” It’s a huge relief for Take-Two who won’t - or can’t - rush Rockstar Games.
”We have achieved our goal of profitability in a year without a new release of Grand Theft Auto,” said CEO Ben Feder. ”Our better-than-expected revenue growth and margin expansion were driven by strong demand for our diverse portfolio of games.”
While not reliant on Grand Theft Auto, the publisher is very much dependent on Rockstar Games developers to deliver them their biggest revenue hauls. Fortunately for Take-Two there’s Max Payne 3 and L.A. Noire due next year from Rockstar.
