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Take-Two reports rising quarterly revenue

Erik Johnson
Take-Two reports rising quarterly revenue

Take-Two interactive has released its financial results for Q2 2014, reporting a huge spike in net revenue thanks to Grand Theft Auto V.

Earnings for GTA V weren't included in the publisher's GAAP net revenue, which came in at $148.8m for the quarter – compared to $273.1m during the same period last year. The game's exclusion is chalked up to Grand Theft Auto Online arriving after the quarter's end.

On the other hand, Non-GAAP revenue for the quarter did include Rockstar's latest. Thanks to that, Take-Two brought in $1.27bn in the three-month span – crushing the $288m total brought in during Q2 2013.

Non-GAAP income is up significantly from last year's $10.2m amount as well, with the company reporting $325.6m for the past quarter.

Borderlands 2, NBA 2K13, and Civilization V sales were also credited for making significant contributions to the strong result.

With the aforementioned facts and figures in hand, Take-Two is currently projecting $2.2-$2.3bn in Non-GAAP net revenue by the end of its fiscal year.

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Tags: Rockstar , 2k games , take-two , Grand Theft Auto V , borderlands 2 , MCV USA , NBA 2K13 , Civilization V

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