Red Dead Redemption, a video game set in the Wild West, helped
send game producer Take-Two Interactive (
) into the black in its third fiscal quarter.
Red Dead Redemption, the company said, is enjoying strong sales:
Nearly 7 million copies of the game have been sold since it was
released in May. Overall, Take-Two's quarterly sales surged by 270
The revenue growth propelled the firm to solid profitability.
Take-Two swung from a loss of 76 cents per share in the third
quarter of 2009 to a profit of 14 cents in the same period this
year - and it expects to report a profit for the full fiscal year,
as well. Previously, it had forecast a loss.
"Take-Two is increasing its guidance for the fourth quarter and
fiscal year ending October 31, 2010," the company said in its
The video-game publisher may be able to sustain the momentum of Red
Dead Redemption even longer. It expects to release three
downloadable content packs between now and the end of the year; the
next one should be released on September 21.
By Benjamin Foster