Grand Theft Auto IV made a lot of money for Take Two this quarter. The publishing company's income more than doubled to $539.8 million, and profits rose to nearly $100 million following losses of $50 million the year prior.
According to Take Two, GTAIV surpassed all-time entertainment records for day one and week one sales. It sold 6 million copies in its first week and brought in more than $500 million. By the end of May, Take-Two said the game had shipped more than 11 million units and sold 8.5 million.
Take Two CEO Ben Feder, “Based on the Company’s stronger than expected results, we have increased our financial guidance for fiscal 2008 and are confident in our ability to continue to perform for the balance of the year. Furthermore, Take-Two is extremely well positioned in an industry that is experiencing explosive growth. We believe that our exceptional creative talent, diverse range of hit products, and the proven global demand for our titles will be the drivers of increasing value over time.”
Take Two predicts it will make $1.5 billion (with a "B) this year. That's enough money to buy like 15 hamburgers, at least!.
Gamasutra: GTA Doubles Take-Two Profits, Sales In Q2