Take-Two Interactive Announced better than expected earnings for the third quarter of its fiscal year. As a result of the strong Q3, which ended December 31, the company has increased its financial outlook for the fiscal year, which ends March 31.
Driven in part by sales of Grand Theft Auto V for PS4 and Xbox One, the company reported GAAP (generally accepted accounting principles) net revenue of $531.1 million USD for the quarter. This number is down from the year previous, in which the company reported net revenue of $1.86 billion for the same period.
Non-GAAP income increased to $211.6 million, driven largely by Grand Theft Auto V, NBA 2K15, WWE 2K15, Sid Meier's Civilization: Beyond Earth, and Borderlands: The Pre-Sequel.
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