Grand Theft Auto and NBA power Take-Two’s strong revenues and minimize its Q1 losses

Online and digital is a booming business for Rockstar and 2K’s parent publisher.

Take-Two Interactive generated (GAAP) revenues of $311.6 million in its fiscal Q1 2017, which is up 13 percent year-over-year. The company lst 46 cents per share, which is a significant improvement over the 81 cents per share it lost during the same three-month period in 2015. The publisher continues to bring in massive revenues from Grand Theft Auto V and NBA 2K as well as connected components of those games. These games were the primary drivers in growing Take-Two’s digital business in the $99.6 billion global gaming industry.