Publisher Take-Two Interactive talked about reaching another milestone for their projects. So, the game Grand Theft Auto V sold 170 million copies, and Red Dead Redemption 2 sold more than 46 million copies.
The company also disclosed information about sales of games in both of these series. So, as part of the Grand Theft Auto franchise, more than 385 million copies have been sold. And almost half of them (44.2%) are Grand Theft Auto V. Games in the Red Dead Redemption franchise have surpassed the milestone of 70 million copies sold.
At the same time, one can notice a trend towards a slowdown in sales. So, in the previous financial report for GTA 5 there was an indicator of “almost 170 million”, and now – “more than 170 million” copies. The game sold about 5 million copies in the previous quarter. Speaking to GamesIndustry.biz, Take-Two’s EVP of Finance, Hannah Sage, noted that the company is only updating GTA 5 sales in 5 million increments. The Red Dead Redemption games sold 2 million copies last quarter.
In the second quarter of fiscal 2023, Take-Two Interactive’s net orders increased by 53% (yoy) to $1.5 billion. The company generated net income of $1.4 billion. 6 million and operating expenses of $932.1 million. After interest and cost adjustments, the loss was $301.1 million.
In addition, Take-Two Interactive has downgraded its fiscal year outlook. After the first quarter of fiscal 2023, the company had expected net income of $5.73 billion to $5.83 billion and a net loss of $398 million to $438 million. 41 billion to $5.51 billion, a net loss of $631 million to $674 million. This is due to a weakening global economy and a reduction in spending on mobile entertainment. Although back in August , the company was optimistic about the future of its mobile business after it acquired developer Zynga.
Source: ign