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

Tuesday, 4 Feb 2014 | 8:01 AM ET
'Grand Theft Auto' drives Take-Two profits
Tuesday, 4 Feb 2014 | 8:41 AM ET
Strauss Zelnick, Chairman & CEO of Take-Two Interactive, breaks down his company's earnings beat and weighs in on industry trends and console wars.

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.

  Price   Change %Change


Contact Technology


    Get the best of CNBC in your inbox

    › Learn More
  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.