GO
Loading...

Enter multiple symbols separated by commas

Take-Two soundly beats, with $1.9 billion in revenue in Q3

Take-Two Interactive beat expectations in the third quarter of 2014, with $1.9 billion in non-GAAP revenue and earnings per share of $5.88 for the quarter.


Analysts had expected less than a billion dollars in revenue and EPS of $1.37. In the previous quarter, Take-Two grossed $415.8 million, which is just over half of what subsidiary Rockstar Games' "Grand Theft Auto V" made in its first 24 hours on sale.

The strong holiday quarter was driven primarily by "Grand Theft Auto V," which shipped some 32.5 million copies through the end of 2013, as well as new sports games and digital add-on content. Seventy percent of players with an Internet connection have played GTA Online, the game's online multiplayer mode.

Read the full story on Re/code.

By Eric Johnson, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Squawk Alley