Take-Two Interactive Teases “Highly Anticipated New Title from One of 2K’s Biggest Franchises” in Financial Report
Take-Two Interactive’s quarterly report for the second quarter of the 2018 fiscal year is out, and it hints towards a new entry in one of 2K’s biggest franchises.
Not only did the company’s revenue grow 6% quarter-on-quarter, but the company is also expecting 2019’s fiscal year perform outstandingly, especially considering the release of the highly-anticipated Red Dead Redemption 2 and the new unannounced title. Chairman and CEO of Take-Two Strauss Zelnick statement can be found below:
As a result of our outperformance in the second quarter and increased forecast for the remainder of the fiscal year, we are raising our fiscal 2018 outlook for Net Bookings and net cash provided by operating activities. We now expect fiscal 2018 to be another year of Net Bookings growth, as well as strong cash flow. Looking ahead, we expect fiscal 2019 to be a record year for Net Bookings and net cash provided by operating activities led by the upcoming launches of Rockstar Games’ Red Dead Redemption 2 and a highly anticipated new title from one of 2K’s biggest franchises. We have a robust development pipeline and are better positioned than ever for long-term growth and margin expansion.
Details or hints towards the new title is scarce so your guess is as good as ours. Which major 2K franchise do you want to see receiving a new entry within the next year?