Take-Two: we didn't think that the success of GTA Online would last so long
GTA V online action mode remains the main source of revenue for Take-Two publishing. The head of the company Strauss Zelnick admitted that Take-Two did not count on such a long-term popularity of this title.
According to Zelnik, first of all they wanted to make a good game that gamers would like.
But sales of game currency in GTA Online have gone so well that they still form the bulk of the company’s revenue, although this year Take-Two predicted a decrease in revenue from the title.
According to the results of the first quarter (it ended on June 30) of the fiscal year, the revenue of the entire company increased by 34% to $418.2 million, while net profit amounted to $60.3 million, while the previous quarter closed with a loss of $38.6 million.
Zelnik said that Take-Two does not want to rely on the long-running success of old titles and for this it is building up the potential for developing and publishing new games.
A major event for the company will be the release of the action game Red Dead Redemption 2. It was supposed to be released this fall, but the developer studio Rockstar Games did not meet the deadline and postponed the release of the game to the spring of next year.
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