Correction: I misheard the statement, fixing to future titles in coming years.
Take-Two Interactive Software will release unnamed “triple-A” titles in its future fiscal years, according to a company executive. Karl Slatoff, the president of New York-based Take-Two, announced during the company’s quarterly earnings call today that the company would launch unnamed new games during its future fiscal years. That should get tongues wagging about what those games might be.
The company just reported non-GAAP earnings per share of 31 cents (versus a loss of 14 cents a year ago) on revenues of $366.4 million (up 142 percent from a year ago). Analysts had expected non-GAAP earnings per share of 36 cents on revenues of $351 million.
While analysts expected more, Take-Two’s ability to stay profitable long after the initial launch of a Grand Theft Auto title. In years past, Take-Two would lose money in non-GTA years. The biggest contributors to revenue in the first fiscal quarter were Grand Theft Auto V and Grand Theft Auto Online, NBA 2K15, Borderlands: the Handsome Collection, and WWE 2K15.
If there’s any title up for renewal, it could be another installment in the Red Dead Redemption, the critically acclaimed third-person shooter set in the Wild West. At least, that’s what I am hoping for.
Take-Two already announced upcoming titles such as Mafia III, XCOM 2, and Battleborn.