Press release
Take-Two Interactive Software, Inc. Reports Strong Results for Fiscal Second Quarter 2021
GAAP net revenue was $841.1 million GAAP net income per diluted share increased 37% to $0.86 GAAP net cash provided by operating activities for the
About this update from Take-two Interactive Software, Inc.
[{"type":"text","content":"\nGAAP net revenue was $841.1 million\n\nGAAP net income per diluted share increased 37% to $0.86 \n\nGAAP net cash provided by operating activities for the six-months ended September 30, 2020 increased 335% to $626.7 million\n\nAdjusted Unrestricted Operating Cash Flow (Non-GAAP) for the six-months ended September 30, 2020 increased 1135% to $509.4 million\n\nNet Bookings grew to $957.5 million\n\nCompany raises outlook for fiscal year 2021, including record Net Bookings\n\n NEW YORK--(BUSINESS WIRE)--\nTake-Two Interactive Software, Inc. (NASDAQ:TTWO) today reported strong results for its fiscal second quarter 2021 ended September 30, 2020. In addition, the Company provided its initial outlook for its fiscal third quarter ending December 31, 2020 and increased its outlook for the fiscal year 2021, ending March 31, 2021. For additional information, please see the fiscal second quarter 2021 results slide deck posted to the Company’s investor relations website at http://ir.take2games.com.\n\nFiscal Second Quarter 2021 Financial Highlights\n\nGAAP net revenue was $841.1 million, as compared to $857.8 million in last year’s fiscal second quarter. Recurrent consumer spending (which is generated from ongoing consumer engagement and includes virtual currency, add-on content and in-game purchases) increased 56% and accounted for 59% of total GAAP net revenue. The largest contributors to GAAP net revenue in fiscal second quarter 2021 were NBA® 2K20 and NBA 2K21; Grand Theft Auto® Online and Grand Theft Auto V; Red Dead Redemption 2 and Red Dead Online; Borderlands® 3; PGA TOUR® 2K21; Social Point’s mobile offerings; the Mafia: Definitive Editions and Mafia: Trilogy; Sid Meier’s Civilization VI; and the WWE® series.\n\nDigitally-delivered GAAP net revenue increased 16% to $711.3 million, as compared to $615.8 million in last year’s fiscal second quarter, and accounted for 85% of total GAAP net revenue. The largest contributors to GAAP digitally-delivered net revenue in fiscal second quarter 2021 were NBA 2K20 and NBA 2K21; Grand Theft Auto Online and Grand Theft Auto V; Red Dead Redemption 2 and Red Dead Online; Borderlands 3; Social Point’s mobile offerings; PGA TOUR 2K21; the Mafia Definitive Editions and Mafia: Trilogy; the WWE series; and Sid Meier’s Civilization VI.\n\nGAAP net income increased 38% to $99.3 million, or $0.86 per dil...