Sunday, September 25, 2022

Take-Two posts positive numbers riding on GTA V with its near 170 million sales

- Advertisement -

It was a mixed bag for publisher Take-Two Interactive (NASDAQ: TTWO 123.86 2.57%), which owns 2K Games, Rockstar Games, and mobile game developer Zynga. Take-Two Interactive released its Q1 2023 earnings.

On the one side, the GTA V publisher’s net income increased to $1.1 billion, but on the other, costs associated with purchasing Zynga (a $12.7 acquisition that will be partially repaid over time) and other expenses resulted in a $104 million loss for the quarter. Currently, 75% of taking Two’s revenue comes from live-service-style “repeat customer expenditure,” accounting for 94% of total revenue.

The fact that Grand Theft Auto V has “almost” sold a mind-boggling 170 million copies will likely be the statistic that interests core gamers the most. The game is still moving at a frankly ridiculous rate, with 200 million units sold no longer just a possibility but seemingly an inevitability. When we last heard, GTA V had sold 140 million copies. Red Dead Redemption 2 has sold more than 45 million copies so far (which is not enough to convince Take Two that a next-gen console update or continued Red Dead Online support is worth it).

Despite GTA V’s ongoing popularity, Take Two’s Rockstar division is currently its smallest. Take-Two anticipates that Zynga will provide 45 percent of its net bookings for the entire 2023 fiscal year.

The remaining percentages in the pie chart are split between 2K Games (37%) and Rockstar (17%), as well as their independent publishing imprint Private Label (a quaint 1 percent). By establishing a synergy between their traditional games business and Zynga, Take Two anticipates eventually earning an additional $500 million in annual income (advertising using Zynga titles, creating mobile versions of their franchises, etc.)

also read:

NBA 2K23: Here are the new Gameplay Enhancements coming to the Game

- Advertisement -

Source

- Advertisement -
spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

Bitdefender WW

Stay Connected

220FansLike
122FollowersFollow
189FollowersFollow
Ajio [CPS] IN

Hot Topics

spot_img

Latest Articles

Trending

Featured

Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add technosports.co.in to your ad blocking whitelist or disable your adblocking software.

×
TATA TIAGO EV WILL RELEASE THIS OCTOBER GREAT INDIAN FESTIVAL: BEST GAMING LAPTOPS UNDER 1,00,000 MAHINDRA XUV700 SPY PICS ALL DETAILS TOP 7 BEST MOBILE PHONES FOR GAMING IN INDIA TATA MOTORS’ NEW PUNCH CAMO EDITION IS INCREDIBLE!!
%d bloggers like this: