Vivid Seats For Sale For $1.5B F1 Enters New Era in '17 Without Ecclestone Cost Of UNC Scandal Nearing $18M Lundquist Profiled On "Sunday Morning" Warriors Bring Awareness To Fraudulent Tickets Auto Club Speedway Celebrates 20th Anniversary Rule Changes Up For Vote At NFL Meetings Shaq Honored With Staples Center Statue Elite Eight Sites Draw Strong Crowds Source: Raiders Stadium Will Cost $200M Less
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.