Take-Two Interactive Software announces results for their Fourth Quarter and
Fiscal Year 2013, calling the numbers "strong." Here's the outlook for the
year:
For fiscal year 2013, GAAP net revenue was $1.214 billion, as
compared to $825.8 million for fiscal year 2012. Non-GAAP net revenue was $1.222
billion, as compared to $825.8 million for the prior fiscal year. GAAP net loss
from continuing operations was $31.2 million, or $0.36 per diluted share, as
compared to $107.7 million, or $1.30 per diluted share, for the prior fiscal
year. Non-GAAP net income was $33.1 million, or $0.36 per diluted share, as
compared to a Non-GAAP net loss of $59.4 million, or $0.71 per diluted share,
for the prior fiscal year. Both GAAP loss from continuing operations and
Non-GAAP net income for fiscal year 2013 include the $15 million negative impact
from a one-time contractual obligation, which was recorded in fiscal first
quarter 2013.
The largest contributors to net revenue in fiscal year 2013 were Borderlands 2,
NBA 2K13, BioShock Infinite, Max Payne® 3, Grand Theft Auto IV, XCOM®: Enemy
Unknown and Red Dead Redemption. Revenue from digitally delivered content grew
148% year-over-year and accounted for 22% of Non-GAAP net revenue, driven by
offerings for Borderlands 2, the Grand Theft Auto franchise, NBA 2K13, Sid
Meier’s Civilization V and XCOM: Enemy Unknown.