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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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