Now’s the Time to Buy Take-Two Interactive
Take-Two Interactive (NASDAQ: TTWO) has done a great job growing its Grand Theft Auto franchise over the last 20-plus years. From fiscal 2000 through 2010, total revenue increased 218% to $1.16 billion. And the company repeated that performance over the last decade. Thanks to monster sales of Grand Theft Auto V (released in 2013), the launch of new franchises like Red Dead Redemption (2010), and growth in spending for digitally-delivered content, revenue has more than doubled again to reach $2.67 billion as of fiscal 2019.
In that same two-decade span, the stock is up 1,360%. Looking ahead, there are three reasons why investors should expect continued growth over the next decade, which makes the recent market sell-off an ideal time to add shares to your portfolio.
Image source: Getty Images.
Source Fool.com
