Take-Two’s fiscal year 2016 was stronger than expected thanks to XCOM 2 and Grand Theft Auto

Grand Theft Auto V hasn’t run out of gas yet.

Take-Two released its financial results for the fiscal year 2016 today, posting a GAAP (generally accepted accounting practices) net revenue of $1.414 billion, up 31 percent from the previous year. The fourth quarter was at $377.2 million in GAAP net revenue, up from $300.1 million during the same quarter last year. Non-GAAP revenue was slightly down for the year ($1.561 billion compared to $1.669 billion the previous year) and quarter ($342.5 million compared to $427.7 million for fiscal fourth quarter 2015).