Cubs Pull World Series Ticket Offer To Aldermen NBA, Union Nearing Deal To Extend CBA Westbrook, Irving To Endorse Mountain Dew San Diego State Names Wicker AD NBA Renews Deal With Kumho Tire Scottrade Center To Bear TD Ameritrade Name CBS Leads Week 8 College Football Kraft Mum On Political Lean For Election World Series Secondary Tickets At Super Bowl Levels DFS Sites Near Settlement With N.Y. Attorney General
SBD/Issue 185/FinancePrint All
Take-Two Interactive, parent of 2K Sports, late yesterday reported strongly improved and better-than-expected financial results for its second fiscal quarter. The company generated $268M in revenue, up 54% from the same quarter a year ago, and net income during the quarter swung from a loss of $10.1M to a profit $16.8M. Several titles across various genres were credited for the turnaround, including this spring's launch of "MLB 2K10" and still-strong catalog sales for "NBA 2K10," which now has surpassed 3 million units sold. Take-Two, however, did not alter previously stated expectations of a loss this year between $30-35M from its production of licensed MLB games.