‘GTA 5’ Sold 10M Copies During The Holidays, Take-Two Interactive Inc.'s Stock Soars On Earnings
“Grand Theft Auto V” was a huge holiday hit for the second year in a row. The “GTA 5” has now sold over 45 million copies, developer Take-Two Interactive Software Inc. said when it reported its fiscal third quarter earnings on Tuesday.
The open-world video game sold 10 million copies during the holidays, even though “GTA 5” was originally released in September 2013. The sales boost came after it was re-released for the PlayStation 4 and Xbox One in November.
“GTA 5” remains the fastest-selling video game of all time, raking in $1 billion in the first three days of its sales in 2013. It even outpaced blockbuster films, music albums and books to be named the largest entertainment launch in history.
Take-Two raked in profits of $40.1 million, or $1.87 per share on an adjusted basis, on revenue of $954 million. Analysts polled by Thomson Reuters were expecting net income of $1.52 a share on $797.7 million in revenue. Take-Two has also raised projections for its quarter ending in March.
Take-Two plans a version of “GTA 5” for PC, which it plans to release on March 24. It had originally scheduled the PC launch in January, but the company said it needed extra time for “testing and polish” on the title.
Take-Two’s stock was up more than 7 percent in after-hours trading on Tuesday.
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