How much money did Take Two really make from GTA V?

dsage01

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dsage01 on 15 December 2013

I am currently doing an Accounting project in University which requires me to do some research on Take Two. I assumed their quarterly data for Sept 31st would be leaps and bounds better than the March 31st quarter but to my shock their was barely an improvment in the income statement, balacne sheet or even cash flow statement. The reason why their stock increased was due to destroying expectations set by analysts. When I took a look at the income statement

Period Ending	2013-09-30	2013-06-30	2013-03-31	2012-12-31
Total Revenue	148,824	142,667	299,487	415,773
Cost of Revenue	92,463	93,842	154,320	216,299

Gross Profit	56,361	48,825	145,167	199,474

	Operating Expenses
	Research Development	26,520	20,871	21,183	22,369
	Selling General and Administrative	144,365	74,461	92,116	93,604
	Non Recurring	-	-	-	-
	Others	3,367	3,057	2,806	2,509

	Total Operating Expenses	-	-	-	-


Operating Income or Loss	(117,891)	(49,564)	29,062	80,992

	Income from Continuing Operations
	Total Other Income/Expenses Net	(5,553)	-	-	-
	Earnings Before Interest And Taxes	(123,444)	(49,564)	29,062	80,992
	Interest Expense	8,836	11,233	7,789	8,094
	Income Before Tax	(132,280)	(60,797)	21,273	72,898
	Income Tax Expense	(8,185)	1,087	103	2,021
	Minority Interest	-	-	-	-

	Net Income From Continuing Ops	(124,095)	(61,884)	21,170	70,877

	Non-recurring Events
	Discontinued Operations	(25)	(30)	1,303	488
	Extraordinary Items	-	-	-	-
	Effect Of Accounting Changes	-	-	-	-
	Other Items	-	-	-	-


Net Income	(124,120)	(61,914)	22,473	71,365
Preferred Stock And Other Adjustments	-	-	-	-

Net Income Applicable To Common Shares	(124,120)	(61,914)	22,473	71,365