{"id":61763,"date":"2014-02-04T16:17:11","date_gmt":"2014-02-04T14:17:11","guid":{"rendered":"http:\/\/mygaming.co.za\/news\/?p=61763"},"modified":"2014-02-04T16:18:37","modified_gmt":"2014-02-04T14:18:37","slug":"take-two-sitting-on-r10-8-billion-cash-pile","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/61763-take-two-sitting-on-r10-8-billion-cash-pile","title":{"rendered":"Take-Two sitting on R10.8 billion cash pile"},"content":{"rendered":"

Take-Two Interactive Software came out swinging with some big numbers in their latest financial report.<\/p>\n

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.<\/p>\n

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 (\u00b1R10.8 billion).<\/strong><\/p>\n

The largest contributors to net revenue in fiscal third quarter 2014 were Grand Theft Auto 5, NBA 2K14, and WWE 2K14.<\/p>\n

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.<\/p>\n

For their financial year 2014, Take-Two projects non-GAAP net revenue of $2.38 billion.<\/p>\n

More gaming news<\/h3>\n

Watch Dogs trademark fraudulently abandoned<\/a><\/strong><\/p>\n

Steam Music beta announced<\/a><\/strong><\/p>\n

Dark Souls 2 DLC considered<\/a><\/strong><\/p>\n

February free Xbox Games with Gold for SA<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

GTA 5 sales have hit 32.5 million units, boosting publisher Take-Two Interactive’s earnings<\/p>\n","protected":false},"author":157,"featured_media":61764,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[8540,3308,21,193,747],"class_list":["post-61763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-financial-results","tag-gta-5","tag-headline","tag-rockstar","tag-take-two-interactive"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/61763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/157"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=61763"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/61763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/61764"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=61763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=61763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=61763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}