Grand Theft Auto 5 has now shipped 32.5 million copies worldwide as of December 31, as Take-Two Interactive announced in their FY2014 third quarter financial report.
Take-Two reported GAAP net revenue of $1.86 billion, a huge year-on-year increase compared to the $415.8 million of the same quarter one year ago.
The publisher’s net income came in at $578.4 million, up from $70.9 million in Q3 FY2013. The company now holds cash and cash equivalents of $972.2 million.
Chairman and CEO Strauss Zelnick said Take-Two’s success was driven by “robust demand” for GTA 5, the “franchise record-breaking launch” of NBA 2K14, WWE 2K14, and strong growth in digitally-delivered revenues, mainly from GTA Auto Online.
In a post-release conference call, Take-Two said that 70% of GTA 5 players with an Internet connection have tried it.
They referenced GTA Online’s rocky launch, as investors questioned whether Take-Two had made up for revenue lost due to outages and in-game currency issues.
The publisher replied by saying it’s “not really focused” on trying to “catch up”, as “long as people keep loving GTA Online”, as it’s primary goal is to “delight” users with the free-to-play multiplayer suite.
Take-Two revealed the upcoming release of XCOM: Enemy Unknown: The Complete Edition, a PC exclusive due in March.
During a briefing conference call with investors, it also noted “extensive” story driven DLC for GTA 5, with more details expected soon.
The executives during the conference call didn’t reveal dates for Evolve or BioShock Infinite’s upcoming DLC. They also didn’t comment on the possibility of next-gen ports of GTA 5. The CEO acknowledged investor – and gamer – frustration with Take Two’s tendency to keep its release plans close to its chest.
“Rockstar will make announcements as appropriate, and so will 2K,” Zelnick said. “But we feel very optimistic.”
Q3 FY2014 Highlights
The company highlighted the NPD Group’s determination that Take-Two was the most successful publisher in the US in 2013. It also noted its buyback of 16.24 million shares, gaining greater independence at a cost of $276.8 million.
Aside from the launch of GTA Online and GTA 5 shipping 32.5 million, Rockstar also released Grand Theft Auto: San Andreas for iOS, Android, Amazon Kindle and Windows Phone devices during the third quarter.
2K was much busy launching NBA 2K14, the fastest-selling entry in the series to date despite competition from EA’s NBA Live. The basketball sim has now shipped 5 million units.
Borderlands 2 received some acknowledgement; the RPG shooter is 2K’s highest-selling release to date with 8.5 million units shipped.
- Sid Meier’s Civilization V: The Complete Edition – PC – February 4, 2014
- Borderlands 2 & Dishonored Bundle – Xbox 360, PS3, PC – February 11, 2014
- The Elder Scrolls V: Skyrim & BioShock Infinite Bundle – Xbox 360, PS3, PC – February 11, 2014
- XCOM: Enemy Unknown: The Complete Edition – PC – March 4, 2014
- BioShock Infinite: Burial at Sea – Episode 2 (DLC) – Xbox 360, PS3, PC – TBA
- Evolve – Xbox One, PS4, PC – Fall 2014
- NBA 2K15 – TBA – Fiscal 2015
- WWE 2K15 – TBA – Fiscal 2015