Take-Two sitting on R10.8 billion cash pile

Take-Two Interactive Software came out swinging with some big numbers in their latest financial report.

Under the Rockstar label, GTA 5 has sold 32.5 million copies since its launch in September 2013. Under the 2K publishing label, Borderlands 2 is now the highest-selling title in 2K’s history with more than 8.5 million units sold to date.

Take-Two has been doing a rip-roaring trade in Q3 FY2014 (ended December 2013), generating $1.86 billion in revenue and $578.4 million net income. As of 31 December 2013 the company had cash and cash equivalents of $972.2 million (±R10.8 billion).

The largest contributors to net revenue in fiscal third quarter 2014 were Grand Theft Auto 5, NBA 2K14, and WWE 2K14.

Net revenue from DLC sales grew 42% year-over-year to $132.8 million, driven by GTA 5, NBA 2K14, Borderlands 2, and BioShock Infinite. Catalogue sales accounted for $113.0 million of net revenue.

For their financial year 2014, Take-Two projects non-GAAP net revenue of $2.38 billion.