Take-Two Interactive reports Q1 FY2016 results
Grand Theft Auto V continues to sell
Take-Two Interactive Software has reported strong financial results for fiscal first quarter 2016, ended June 30, 2015.
For fiscal first quarter 2016, the Company’s cash and short-term investments balance increased to $1.191 billion as of June 30, 2015, up from $1.098 billion as of March 31, 2015. Net revenue grew 142% to $366.4 million, as compared to $151.6 million for the year-ago period. Net income increased to $34.2 million, as compared to net loss of $11.2 million for the year-ago period.
The largest contributors to net revenue in fiscal first quarter 2016 were Grand Theft Auto V and Grand Theft Auto Online, NBA 2K15, Borderlands: The Handsome Collection and WWE 2K15. Net revenue from digitally-delivered content grew 139% year-over-year to $254.0 million.
Grand Theft Auto V has now sold-in over 54 million units across PlayStation 4, PlayStation 3, Xbox One, Xbox 360 and PC.
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