Take Two reports net revenue of $1.86 billion.
Take Two Interactive revealed its third quarter FY 2014 financial report, and to the surprise of no one, Grand Theft Auto 5 was named as a huge success. The game has reportedly shipped 35 million units since launching in September 2013 and helped Take Two achieve a net revenue of $1.86 billion, up from $415.8 million in the same quarter for 2013.
Chairman and CEO Strauss Zelnick stated that the overall success of the publisher was due to “robust demand” for the game. He also named NBA 2K14, WWE 2K14 and growth in digital revenues from GTA Online as major successes. GTA Online, by the way, has been tried once by roughly 70 percent of total players since it launched.
Overall net income for this quarter is $578.4 million, a huge increase from $70.9 million in the same quarter from last year. Cash and cash equivalents total $972.2 million for the company and Take Two is looking to increase its financial predictions, delivering non-GAAP earnings in 2014.