dark        

Take-Two had a surprisingly good quarter because GTA Online brought in a boatload of money

0

This is the real heist

Nearly four years into its life cycle, Grand Theft Auto Online refuses to die. In fact, it's only getting stronger. Its continued success comes to the surprise of almost everyone -- including the parent company that it's practically printing money for.

Take-Two Interactive released its first quarter 2018 investor's report today, and it's GTA Online that's leading the charge. Year-over-year revenue grew 34 percent, up to $418.2 million from $311.6 million. Take-Two points directly at digitally-delivered revenue for the spike, as that segment is up nearly $100 million over 2017's first fiscal quarter. The games responsible for pushing this trend are cited as: GTA Online, Grand Theft Auto V, NBA 2K17, WWE SuperCard, and WWE 2K17.

It's worth noting that Take-Two neglected to outline any specific sales figures for any individual game, so it's tough to quantify exactly how well GTA Online is doing. (Confusingly, other outlets ran that GTA Online had its "best quarter ever," a claim that can't be substantiated by this report.) But, this statement is telling: "Due to the continued success of Grand Theft Auto Online and other factors, [Take-Two] has determined that it is necessary to extend the life of Grand Theft Auto V and Grand Theft Auto Online."

It also feels pertinent to point out that Take-Two didn't release any new games during the last quarter. Despite the lull in launches, it's raising its forecasted annual net revenue by $100 million and net income by $28 million. To everyone's surprise, GTA Online isn't facing the decline that usually impacts aging games. As long as it continues to make money hand over fist, Take-Two has made it clear that GTA Online isn't going anywhere.

Take-Two Interactive Software, Inc. Reports Strong Results for Fiscal First Quarter 2018 [Take-Two Interactive]

You are logged out. Login | Sign up

 
 

 

TwitterRedditEmailFacebook
 
Brett Makedonski
Brett MakedonskiManaging Editor   gamer profile

While you laughing, we're passing, passing away. So y'all go rest y'all souls, 'Cause I know I'ma meet you up at the crossroads. Y'all know y'all forever got love from them Bone Thugs baby... ... more + disclosures


 


 


Also on Destructoid: Grand Theft Auto Online   (68)   From our database:

  • GTA VI message in GTA Online was a hoax, according to Rockstar - Peter Glagowski
  • Now you can unlock John Marston's revolver in GTA Online for eventual use in Red Dead 2 - Brett Makedonski
  • Monster Grand Theft Auto Online update Doomsday Heist includes jetpacks, new storyline - Chris Carter
  • Frank Ocean's radio station is coming to Grand Theft Auto Online - Chris Carter
  • This short Grand Theft Auto Online community documentary shows how the game is still thriving - Chris Carter
  • GTA Online will be getting another heist soon - Peter Glagowski
  • GTA Online adds battle royale mode in latest update - Dan Roemer
  • GTA: Online gets Smuggler's Run update next week - Chris Moyse
  • Take-Two had a surprisingly good quarter because GTA Online brought in a boatload of money - Brett Makedonski
  • More related stories
    Filed under... #financial #Grand Theft Auto #Industry Bull #PC #PS4 #Rockstar #Take-Two #Xbox One

    READER COMMENTS LOADING BELOW...


    LET'S KEEP THE COMMUNITY GREAT


    You're not expected to always agree, but do please keep cool and never make it personal. Report harassment, spam, and hate speech to our community team. Also, on the right side of a comment you can flag nasty comments anonymously (we ban users dishing bad karma). For everything else, contact us!



     
     
  •