Take-Two Discusses Borderlands 2 Success, Next-Gen

Take-Two reported earnings for the second quarter of its 2013 fiscal year today, earning $288 million in net revenue for the period between July 1st and September 30th, up 169% compared to last year. The company pointed to the continued success of Borderlands 2 — which has now shipped 5 million copies — and NBA 2K13 as highlights, noting that NBA 2K13 is “shaping up to be our most successful sports release ever.”

Catalog sales have also been successful for 2K, with Red Dead Redemption and Grand Theft Auto IV continuing to be solid earners and representing 28% of revenue for the quarter. CEO Strauss Zelnick called digitally-delivered content an “important component of our strategy” and said digital content is up 108%, representing 20% of net revenue. “Take-Two’s second quarter revenue and earnings exceeded our outlook, driven by the breakout success of 2K’s Borderlands 2 and robust demand for our catalog and digitally delivered offerings,” Zelnick said. “Our business continues to fire on all cylinders, led by terrific early results from 2K’s NBA 2K13.”