Take-Two Interactive Benefits From ‘Industry Tailwinds’

Posted by Crystal Mills

Share on Facebook

Tweet on Twitter

Take-Two Interactive Software, Inc. reported fourth-quarter and full-year fiscal 2020 results Wednesday, with year-over-year GAAP net revenue growth of 41% and a 40% increase in consumer spending thanks to titles like “NBA 2K20,” “Grand Theft Auto V” and “Red Dead Redemption 2.”

Total net bookings rose from $2.929 to $2.99 billion year-over-year.

“Our significantly better-than-expected fourth quarter results concluded another extraordinary year for Take-Two, during which we achieved numerous milestones, including record Net Bookings of nearly $3 billion, as well as record digitally-delivered Net Bookings, Net Bookings from recurrent consumer spending, and earnings,” Strauss Zelnick, Take-Two’s chairman and CEO, said in a statement… CLICK for complete article