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

'Grand Theft Auto' drives Take-Two profits

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,

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