Grand Theft Auto V Helps Take-Two Beat Q3 Expectations
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In an earnings call on Monday, video game publisher Take-Two Interactive said its profits climbed in the third quarter because of strong sales of Grand Theft Auto V, and new games in the NBA 2K and WWE 2K series.
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"Take-Two's business continued to outperform expectations significantly during the fiscal third quarter," Strauss Zelnick, chairman and CEO of Take-Two, said in a statement.
The company's net revenue in the third quarter increased to $1.9 billion, as compared with $415.8 million for the third quarter last year.
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According to market research firm NPD, Grand Theft Auto V was the top-selling video game of 2013, selling 32.5 million units since it was released in September 2013.
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