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Take-Two Interactive Software Inc. Message Board

  • bellicinvestments bellicinvestments Nov 26, 2013 4:06 PM Flag

    Can someone explain to me what the deal is with last Qs GTA V earnings?

    How is it they posted a loss on huge sales? Why does GTA Online release date of Oct 1 matter? Does this mean next Qs numbers will include ALL of GTA V sales? Not clear to me, please explain, thanks in advance.

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    • Since online is part of the price of the game, we paid the $60 for the Single Player + Online portion of the game. Since the entire product (single player + online) was not delivered by the end of the qtr, it is not yet considered revenue. Yes, it is my understanding that according to GAAP, next Qs number will include these GTA sales.

      Sentiment: Strong Buy

 
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