Take-Two sales dip in first quarter

Originally published on GamesIndustry.biz by Brendan Sinclair

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Take-Two reported today that its first quarter results were down, albeit not as sharply as it had been expecting.

For the three months ended June 30, revenue was down 2% to $813 million with net bookings down 29% to $711 million. Those numbers beat the company’s revenue forecast, which topped out at $780 million, with the high-end of the net bookings range being $675 million.

Net income for the quarter was up 72% year-over-year to $152 million.

The publisher credited Grand Theft Auto V, Grand Theft Auto Online, Red Dead Redemption 2, Red Dead Online, and Borderlands 3 for driving its

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