Take-Two Interactive reports Q3 FY2015 results

Take-Two Interactive Software today reported strong financial results for fiscal third quarter 2015, ended December 31, 2014.

For the quarter, net revenue grew to $954.0 million, as compared to $767.7 million for the year-ago period. Net income increased to $211.6 million as compared to $210.7 million for the year-ago period.

Net revenue from digitally-delivered content grew 64% year-over-year to $217.2 million. The largest contributors were offerings for the Grand Theft Auto series, NBA 2K15, the Borderlands franchise, and Sid Meier’s Civilization: Beyond Earth. Revenue from recurrent consumer spending (virtual currency, downloadable add-on content and online games) grew 23% year-over-year and accounted for 36% of net revenue from digitally-delivered content.

Grand Theft Auto V has now sold-in more than 45 million units on consoles, including nearly 10 million units on PlayStation 4 and Xbox One. The title is planned for launch on PC on March 24, 2015.

NBA 2K15 has continued the series’ trend of year-over-year growth with approximately 5.5 million units sold-in to date.

Take-Two is increasing its financial outlook for fiscal year 2015 from $1.65 to $1.70 Billion, which reflects its strong fiscal third quarter results, strong current business trends, and positive sales outlook for its upcoming releases.

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