Take-Two revenue nears $2 billion in Q3 2014 because GTA5
Take-Two's GAAP net revenue was $1.86 billion in Q3 2014, up from $415.77 million in Q3 2013 and led by sales of Grand Theft Auto 5, NBA 2K14 and WWE 2K14, the company reported today. Though Grand Theft Auto 5 launched during Q2 2014, Take-Two pushed its results to Q3, citing the later launch of Grand Theft Auto Online. Grand Theft Auto 5 has shipped 32.5 million copies and NBA 2K14 has shipped more than 5 million copies, making it 2K's most successful basketball game to date.
Take-Two's net revenue got a kick from digital content sales, a segment that grew 42 percent year-over-year to $132.8 million (in non-GAAP terms). Digital sales were boosted mainly by Borderlands 2, BioShock Infinite, and the Grand Theft Auto and NBA 2K franchises, Take-Two reported.
There's no mention of Grand Theft Auto 5 for PC or next-gen consoles in Take-Two's statement, but CEO Strauss Zelnick said there's more news to come:
"Looking ahead, we have a robust pipeline of both new intellectual properties and offerings from our proven franchises in development, including more than 10 unique titles for the next-generation consoles."
