Classified Advertisements Runner's World Publisher Talks Boston Marathon UFC Projected To Sell Out In Orlando Emmert Defends Scholarship Values, Insurance Plan New Bucks Owners Open To Local Investors Bengals, County Reach Stadium Upgrades Deal Bettman Praises Shanahan's League Office Work Dierdorf Joins Michigan Booth For Football Louisville, Adidas Ink Five-Year Extension SBJ In-Depth: Action Sports
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.