Video game publisher and developer Take-Two Interactive reported record-breaking revenue of $3.37bn for fiscal year 2021, up 9% from the previous year, with digital revenue up 18% to $2.12bn. Popular titles highlighted by the firm included Grand Theft Auto V and Grand Theft Auto Online, both released in 2013, while NBA 2K21 sold over 10 million units since being launched in September 2020. The company plans to launch new games from the Bioshock franchise as well as mobile titles. CEO Strauss Zelnick said Take-Two has the “strongest development pipeline in its history”.
Take-Two Interactive Reported Record-Breaking Revenue for Fiscal Year 2021
Overview
On May 18, 2021, Take-Two Interactive, a video game publisher and developer, announced its financial results for the fourth quarter and fiscal year 2021, ending March 31. According to the report, the company achieved a record-breaking revenue of $3.37 billion for the fiscal year 2021, up by 9% from the previous year. Take-Two Interactive also witnessed a significant growth in net bookings, reaching $3.59 billion for the year, which is an increase of 8% over the previous year.
Breaking down the Numbers
The report highlighted some of the company’s most successful game titles, which contributed to the record-breaking revenue for the fiscal year. Grand Theft Auto V and Grand Theft Auto Online, released in 2013, continue to be the top revenue-generating titles for the company, with over 140 million units sold worldwide. NBA 2K21 also performed well, selling over 10 million units since its launch in September 2020.
Take-Two Interactive’s digital revenue increased by 18% in fiscal year 2021, reaching $2.12 billion, compared to $1.79 billion in the previous year. The company attributed this growth to the increased demand for video games during the Covid-19 pandemic, as more people turned to gaming for entertainment while staying at home.
Future Plans
The company revealed its plans to launch several new games in the coming months and years, including a new title from the Bioshock franchise and a new project in development from the makers of Grand Theft Auto V. Take-Two Interactive is also focused on expanding its presence in the mobile gaming market, with the launch of new mobile titles.
Take-Two Interactive CEO, Strauss Zelnick, stated, “Looking ahead, Take-Two has the strongest development pipeline in its history, including sequels from our biggest franchises as well as exciting new IP.” He further added that the company’s goal is to continue to deliver great games and entertainment experiences to its fans while creating long-term shareholder value.
Conclusion
Take-Two Interactive’s record-breaking revenue for fiscal year 2021 is a testament to the growing demand for video games and the company’s ability to deliver quality titles to its fans. With an impressive development pipeline and new projects in the works, the company is well-positioned to continue its growth and success in the gaming industry.