Take-Two announces FY2014 results

Take-Two Interactive Software has reported strong financial results for its fourth quarter and record results for its fiscal year 2014, ended March 31, 2014.

For fiscal fourth quarter 2014, net revenue was $233.2 million, as compared to $303.1 million for fiscal fourth quarter 2013. The largest contributors to net revenue in fiscal fourth quarter 2014 were NBA 2K14, Grand Theft Auto V, Grand Theft Auto Online, Borderlands 2 and BioShock Infinite.

For the whole year, net revenue grew 97% to a record $2.414 billion, as compared to $1.222 billion for fiscal year 2013. The largest contributors to net revenue in fiscal year 2014 were Grand Theft Auto V, NBA 2K14, Borderlands 2, WWE 2K14, Grand Theft Auto IV, Grand Theft Auto Online, BioShock Infinite and offerings for Sid Meier’s Civilization V. Revenue from digitally-delivered content grew 65% year-over-year to a record $435.1 million, led by offerings for the Grand Theft Auto series, Borderlands 2, the NBA 2K franchise, Sid Meier’s Civilization V and BioShock Infinite.

Grand Theft Auto V was the best-selling console video game of 2013 in North America, Latin America and Europe combined. To date, Grand Theft Auto V has sold-in more than 33 million units.

This year, the company plans to release Evolve, WWE 2k15, NBA 2k14, Borderlands: The Pre-Sequel, and Sid Meier’s Civilization: Beyond Earth.

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