Take-Two Records Small Loss in Q1 2015

Take-Two posted a net revenue of $125.4 million in the first quarter of its 2015 fiscal year, down 12 percent compared to the $142.7 million recorded for the same period a year ago. The company's net loss shrank by nearly 43 percent to $35.4 million, down from $61.9 million last year.

NBA 2K14, Grand Theft Auto V, Grand Theft Auto Online, and Borderlands 2 drove revenue for the quarter.

The company also revealed that Grand Theft Auto V has shipped more than 34 million units to-date. During its most recent quarter it moved around one million units. PC, PS4, and Xbox One versions of the game are scheduled for release this fall. The company also said that more than 10 million copies of Borderlands 2 have been shipped worldwide. The next game in the series, Borderlands: The Pre-Sequel, launches on October 14 for Xbox 360, PS3 and PC.

The company's digital sales continued to beat packaged retail sales as well. Digital online sales came in at $80.2 million, representing around 64 percent of its first quarter 2015 net revenue; in the same period a year ago digital sales accounted for 51 percent of net revenue.

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