the grand theft auto Take-Two Interactive announced that it passed 400 million in lifetime sales, as part of its most recent quarterly earnings report. As usual, this latest commercial achievement for the franchise was made possible in large part thanks to the continued success of the latest installment, and the know-how Grand Theft Auto 5 It continues to sell like hot cakes.
while GTA 5 Just months away from its 10th anniversary, its success has been lingering for the ages. Three days after its release, the hit game surpassed $1 billion in retail sales, becoming the fastest entertainment release to do so. after about four years, GTA 5 It became the most profitable entertainment product of all time and has continued to perform admirably to this date.
Take-Two’s financial report for the fourth quarter of fiscal year 2023 demonstrates this continued success, and reveals it GTA 5 It has shipped 180 million copies as of March 31, accounting for nearly half of the series’ lifetime sales. An additional five million copies were sold since the previous quarter, which generated similar returns compared to Grand Theft Auto 5 Q2 sales. Take-Two’s latest financials were also reflected in GTA+’s first anniversary membership GTA OnlineAnd Describe the subscription service as successful. However, the company did not clarify this claim with any specific numbers.
What he did say was that the next installment in the iconic series is “well underway,” adding further credibility to a recent report. Grand Theft Auto 6 Aiming for a late 2024 release. With the holiday season traditionally the most lucrative period of the year for the entire entertainment industry, a Q4 2024 launch would make the most sense for GTA 6. Not least because all 3D GTA Games have followed this pattern by launching in the last quarters of their release years.
Take-Two’s earnings report for the fourth quarter of the recently ended fiscal year also provided an update on the business momentum for Red Dead Redemption franchise. Specifically, the company revealed that the series has reached 75 million in lifetime sales. This achievement was largely driven by the continued success of the Red Dead Redemption 2which has shipped 53 million units to date, up 3 million from the previous quarter.
Publisher revenue in the fourth quarter was $1.45 billion, beating Street estimates by nearly 10%. Shares of Take-Two followed a similar trajectory after releasing its financials on May 17, jumping more than 8% during Wednesday’s after-hours trading. The earnings release emphasized that Take-Two remains in a very strong position and can (continue) to take its time with the next installment in grand theft auto series.
source: Take-Two Interactive. Interactive
