Take-Two Interactive (NASDAQ:TTWO) surprised investors this week by reporting a doubling of its revenue versus last year. In the video below, Fool contributor Demitrios Kalogeropoulos discusses what powered the beat.
He says hits like Bioshock and NBA 2K13 contributed to the company's strong earnings, but the best news for investors was that Take-Two's catalog sales grew to over a quarter of revenue. Still, with big new releases coming from Activision Blizzard (NASDAQ: ATVI), Electronic Arts (NASDAQ:EA), and Disney (NYSE:DIS) soon, competition is about to heat up as publishers jockey for prime position at the start of a new generation of consoles.
Fool contributor Demitrios Kalogeropoulos owns shares of Walt Disney and Activision Blizzard. Erin Miller owns shares of Walt Disney. The Motley Fool recommends Activision Blizzard, Take-Two Interactive, and Walt Disney. The Motley Fool owns shares of Activision Blizzard and Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.