Take-Two Interactive Software, Inc. (TTWO): Grand Theft Auto V hits 32.5 million in unit shipments

Posted Feb 3, 2014

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has hit a major milestone. Take-Two’s Grand Theft Auto V (GTA V) video game hit over 32.5 million copies sent to retailers. This number does not necessarily mean what was sold to customers. It simply means the number ordered from retailers.

Take-Town announced this figure in their earnings report for the third quarter of their fiscal year. Take-Town reported $767 million in revenues at $1.70 earnings per share, largely due to GTA V. GTA V was released on the PlayStation 3 and Xbox 360. The game generated $800 million in 24 hours alone. This past November, Take-Town announced 29 million copies were shipped to retailers. This means that 3.5 million units were added in their third quarter.

?Take-Two?s business continued to outperform expectations significantly during the fiscal third quarter,? stated Strauss Zelnick, Chairman and CEO of Take-Two. ?Our results were driven by robust holiday demand for Grand Theft Auto V, the franchise record-breaking launch of NBA 2K14, the successful release of WWE 2K14, and strong growth in digitally-delivered revenues led by Grand Theft Auto Online. Take-Two was the top video game publisher of 2013, according to the NPD Group, underscoring our positive momentum over the past year.

[Source: VentureBeat]