Take-Two Interactive Software reported on 29 October 2013 strong financial results for fiscal second quarter 2014, largely thanks to sales performance of Rockstar games’ Grand Theft Auto 5.
Launched on 17 September 2013 for PS3 and Xbox 360, GTA 5 has sold nearly 29 million units, exceeding the lifetime sales of Grand Theft Auto 4 on consoles in less than six weeks after launch, reports Take-Two.
GTA 5 grossed over US$800 million in retail sales during the first 24 hours after launch, and over US$1 billion in three days.
For fiscal second quarter 2014, Take-Two’s non-GAAP net revenue grew to US$1.27 billion, as compared to US$288.0 million for the year-ago period. As of September 30, 2013, Take-Two had cash and cash equivalents of US$661.9 million.
The largest contributor to non-GAAP net revenue in fiscal second quarter 2014 was Grand Theft Auto V. Catalog sales contributed $118.9 million in net revenue led by Grand Theft Auto IV, and offerings for Borderlands 2, Sid Meier’s Civilization V, NBA 2K13 and Red Dead Redemption.
Non-GAAP net revenue from digitally-delivered content grew 85% year-over-year to US$105.5 million, driven by the Grand Theft Auto series (particularly digital sales of Grand Theft Auto 5), and offerings for Borderlands 2, Sid Meier’s Civilization V, and BioShock Infinite.
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