see deal Grand Theft Auto V - PlayStation 3 $19.99 on Gamestop

Take-Two Interactive posted its earnings report for the first quarter of its fiscal year and revealed that Grand Theft Auto V

Loading

Reporting "strong financial results," Take-Two saw its non-GAAP net revenue grow by 142% to $366.4 million USD, compared to $151.6 million for the same period the year before.The numbers given for Grand Theft Auto V are for sold-in, rather than sold-through, copies of the game. Sold-in means sold to retailers, as opposed to sold through, which represents the final sale to consumers. The 54 million units is an increase of just two million over the previous quarter. In February, Take-Two reported Grand Theft Auto V had sold 52 million copies over its lifetime , an increase of seven million over the fiscal quarter previous.After Grand Theft Auto V and Grand Theft Auto Online, the largest contributors to Take-Two's net revenue were NBA 2K15, Borderlands: The Handsome Collection, and WWE 2K15.Take-Two CEO Strauss Zelnick said in the report that the results were driven "by strong consumer demand for Grand Theft Auto V, NBA 2K15," along with an "array of other titles." The results were also moved thanks to "better-than-expected growth in recurrent consumer spending.""Recurrent consumer spending" refers to virtual currency, DLC, and online games, and grew 47% year-over-year for Take-Two, accounting for 25% of total Non-GAAP revenue.

Seth Macy is a freelance writer who just wants to be your friend. Follow him on Twitter @sethmacy , and MyIGN at sethgmacy , or check out Seth Macy's YouTube channel.