Take-Two Posts Record Profit, Ships 33 Million GTAV Copies
It was a good day for Take-Two Interactive and developer Rockstar Games.
Take-Two announced a record annual profit despite a down fourth quarter, and the publisher also revealed that they had shipped 33 million copies of the uber-popular Grand Theft Auto V. They didn't give us an exact sales number, but we do know the game generated over $1 billion in its first three days alone.
For the most recent quarter, Take-Two posted a revenue of only $233.2 million, down from the $303.1 million they raked in last year. Profit fell to $21.5 million, way down compared to last year's $42.9 million. However, digital content really helped, as this category jumped 51 percent to $122.3 million, and catalog sales comprised $75.7 million in the quarter. Top performers were titles in the GTA, NBA 2K and Borderlands franchises.
The full year take was big: Revenue soared to $2.414 billion, up a whopping 97 percent from the $1.222 billion earned last year. Profit rose dramatically to $510.7 million (as opposed to the $33.1 million they earned last year), and that revenue is a new record for the company. One guess as to why that number is so freakin' high.
Yep, not a bad time to be part of the Take-Two world.
Related Game(s): Grand Theft Auto V
5/13/2014 9:18:26 PM John Shepard