Mentioned in this article
- Take-Two Interactive Software reported net revenues of $858M USD and an operating income of $74.8M for its Q2 FY 2020 period.
- The NBA 2K20 game released in September and its predecessor NBA 2K19 were among the largest contributors to Take-Two’s net bookings during the period.
- Square Enix Holdings reported an operating income of ¥8.7B JPY ($79.7M) and net sales of ¥67.4B ($617M) for its Q2 FY 2020 period.
Aside from Activision Blizzard yesterday, two more game developers and publishers reported their earnings for Q2 fiscal year (FY) 2020, for the period ended Sept. 30, 2019; Take-Two Interactive Software and Square Enix Holdings.
NBA 2K20 creator Take-Two Interactive Software reported net revenues of $858M for Q2 FY 2020, up 74% from $493M in the same period in the previous year. Operating income was $74.8M for the period. The U.S. video game company disclosed that its NBA 2K20 (which was launched in September) and NBA 2K19 titles were among the largest contributors to its net bookings during the period.
“Our positive momentum continued in the second quarter, enabling our company to generate operating results that significantly exceeded our expectations,” said Strauss Zelnick, chairman and CEO of Take-Two. “We delivered strong net bookings, cash flow, and earnings growth, fueled by the performance of NBA 2K, Borderlands 3, Grand Theft Auto Online and Grand Theft Auto V, and Red Dead Redemption 2 and Red Dead Online.”
Japanese video game company Square Enix Holdings reported an operating income of ¥8.7B ($79.7M) for Q2 FY 2020 up % from ¥5.9B ($54M) operating income in Q2 FY 2019. This marks an increase in the company’s profit margin. Net sales were at ¥67.4B ($617M) compared to ¥66.8B ($612M) in net sales during the same period in the previous year.
Square Enix is known for several video games including Final Fantasy XIV, DISSIDIA FINAL FANTASY NT, and Starwing Paradox; especially in Japan, these games have dedicated grassroots esports scenes.
According to the company, revenues from sales of the latest expansion pack of Final Fantasy XIV and an increase in the number of paying subscribers boosted by the expansion generated increased net sales and operating income, compared to the prior fiscal year.
Note: The Esports Observer used the exchange rate in effect as of Nov. 8 at a rate of 0.009159 JPY to 1 USD for currency conversions in this article.
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