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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.

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