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Other contributors name-checked this year included Civilization 6 and mobile titles Two Dots and Dragon City. The games driving the company's revenues in the second quarter were largely the same as in last year's second quarter: the NBA 2K franchise, Grand Theft Auto 5 and Online, Red Dead Redemption 2 and Online, and Borderlands 3. However, its GAAP net income of $10.3 million was down 90% year over year, and well short of the projected range of $41 million to $53 million.ДЄ Take-Two representative said the GAAP net income was brought down by the company's need to pay greater internal royalties because of titles that outperformed expectations, an earnout re-evaluation on a prior acquisition, and a $53 million impairment charge Take-Two took as it cancelled an unannounced title. Take-Two attributed the raising forecast to its better-than-forecast results for the second quarter, which ended September 30 and showed the publisher maintaining the boost it received from the onset of the pandemic last year.ДЇor the quarter, Take-Two posted net revenues up 2% to $858 million, with net bookings up 3% to $985 million. Meanwhile, the top end of the full-year GAAP net income forecast rose from $259 million to $350 million. But I am proud we focus on quality and at times that means we do slip a title.'Дespite the push of Midnight Suns further into 2022 and the movement of GTA 5 to the very end of the fiscal year, Take-Two raised the high end of its GAAP net revenue forecast for the current fiscal year from $3.24 billion to $3.45 billion.

PROFILE EDITOR BORDERLANDS 2 FULL

I take full responsibility for things that don't go as well as expected. And generally speaking, I don't like to blame exogenous events. 'On the other hand, our standards for quality continue to go up as well. 'I think it is possible that working remotely has taken a bit of a toll. 'It's perhaps a little bit of both and it may be difficult to parse,' Zelnick said. Zelnick has previously said that the pandemic has had little impact on the publisher's schedule outside of a delay to Kerbal Space Program 2, so we asked if the push to Midnight Suns and the recent delay of next-gen versions of Grand Theft Auto 5 to March 2022 could be reflective of COVID-19 effects catching up. There are times when more time is required, and this was one of those times.'

We always want to deliver the highest quality entertainment experiences. 'Our standards are very high, and we don't take delays lightly. 'In this instance, there was more work to be done to make sure we deliver the best possible title,' Zelnick said. Speaking with about the delay, Take-Two CEO Strauss Zelnick said the game simply needed more time. The Firaxis tactical RPG had been expected to release in March, but has been pushed back to the back half of calendar 2022. Take-Two Interactive today delayed Marvel's Midnight Suns into its next fiscal year as part of its second quarter earnings release.

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