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‘Grand Theft Auto V’ Sales More Than Double Take-Two Interactive Profits

Third quarter profits more than doubled for Take-Two Interactive, thanks to record sales driven primarily by Rockstar Games’ “Grand Theft Auto V.”

Grand Theft Auto V,” which had a reported budget of $260 million and took five years to produce, broke sales records upon its release, earning $800 million within 24 hours and $1 billion within three days. Game was released on Sept. 17. An estimated 32.5 million copies of the game have been shipped to retailers. An online multiplayer mode launched in October, boosting sales.

SEE ALSO: Record Breaker: ‘Grand Theft Auto V’ Reaches $1 Billion in Three Days

Take-Two posted revenues of $767 million (on a non-GAAP accounting basis) during the period that ended Dec. 31, up from $405 million, while profits came in at $210.7 million, up from $78.8 million.

Nearly 42% of Take-Two’s revenue came from digital sales.

While “Grand Theft Auto V” sold well, “NBA 2K14” and “WWE 2K14” were also big hits for Take-Two, with the basketball game selling more than 5 million units as of the end of December.

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