Grand Theft Auto V publisher Take-Two reports record revenue

GTAV sells 29 million, encouraging an optimistic future for the publisher.

During an earnings conference call today, publisher Take-Two (the company responsible for the Grand Theft Auto franchise and BioShock Infinite) reported record-breaking revenue numbers.

Reporting non-GAAP revenue of $1.27 billion, Take-Two has increased their projections for the rest of the fiscal year ending March 31, 2014 from $2.2 to $2.3 billion.

According to Take-Two, the driving force for their success has been Grand Theft Auto V. After leading software sales in the September NPD report, GTAV has already sold “nearly 29 million units, exceeding the lifetime sell-in of Grand Theft Auto IV on console in less than six weeks after launch." While that number reflects copies sold to retailers rather than the actual number in consumer hands, Take-Two is confident that sales will continue to be strong into the next financial quarter.

Other factors influencing the successful year included over $118 million from strong continuing catalog sales of Grand Theft Auto IV, Borderlands 2, Civilization V, Red Dead Redemption, and NBA 2K13. Downloadable content, led by offerings for Borderlands 2, Civilization V, and BioShock Infinite, contributed another $105.5 million.

Take-Two did not divulge any specific details on upcoming titles, but the call did confirm that they have "more than ten unique titles planned for next-generation consoles, including multiple releases slated for fiscal 2015." As above, it's important to remember that fiscal 2015 extends to March 2016. More details on future games will arrive in the coming months.

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Discussion

37 comments
GIF
GIF

I will echo others and say fix the online post haste. And give us lots of free content for putting you where you are. Online should be fan service.

MAGIC-KINECT
MAGIC-KINECT

How about taking some of that revenue and fixing your game???? Hope they don't fuk up Red Dead 2. They need to do a LOT more beta testing of their games.

KeenoControl
KeenoControl

Alright, now put that money into Red Dead 3, an HD re-release of The Warriors, Manhunt 3, GTA VI (return to Vice City or a tri-city game) and whatever the hell Irrational Games wants to do!

jagcivtec
jagcivtec

Yes Take Two, you have discovered that dumbed down games sell many many copies.

VGNForev
VGNForev

This is only the beginning...

Grenadeh
Grenadeh

I hope one of those unique titles resulted from a literal miracle where they somehow got the rights to System Shock from EA. 

Mr_Big_Boss
Mr_Big_Boss

All that revenue and all those bugs.

con47
con47

Well, they deserve it.

vault-boy
vault-boy

This is an old statistic but generally a game makes $27 on a new sale for the developers/publishers, so 29 million multiplied by 27 minus the estimated 250 million development/publishing costs and they have already profited 533 million dollars, and the game will probably sell a few million more and once you factor in DLC... this will probably be the most profitable game of all time, especially if they make a PC release (and it would be stupid as hell if they don't).

pdevil21
pdevil21

29 million units also outsells San Andreas. GTA V is already the best-selling GTA of all time. Damn. 

Hurvl
Hurvl

"Reporting non-GAAP revenue" Non-GAAP? Oh, right, now I found it. From Wikipedia: "In demonology, Gaap is a mighty Prince and Great President of Hell, commanding sixty-six legions of demons". Yeah,that must be it.

xsonicchaos
xsonicchaos

@MAGIC-KINECT You're worst than Alec Baldwin. Red Dead Redemption is a sequel to Red Dead Revolver (not story-wise, but in the same sense as GTA V is a sequel to GTA IV), which makes it Red Dead 2.

SuperDutchy
SuperDutchy

@MAGIC-KINECT  You only paid for GTA V, whereas GTA Online was a FREE component that was added on later. For the most part GTA V has very few issues and worked perfectly for me personally.  What's that saying about looking a gift horse in the mouth?

shutthefrontdoor
shutthefrontdoor

@MAGIC-KINECT I rather enjoyed the money glitches for online. It really put a hurting on there "Shark Card" sales. I love how they said they would ban people because it was bad for the online community, but yet they want to offer Shark Cards for real money. Doesn't make sense if having a shit load of money by "Paying" for it causes no issues.... hmmmmm.

Hurvl
Hurvl

@jagcivtec They've superseded Activision in that respect, crushing CoD's records. Hopefully they'll invest that money, or some of it, into a non-dumbed-down game, but seeing how much a dumbed down game sells, it would be *dumb* not to make another dumbed down game.

frogiggy323
frogiggy323

@vault-boy Wasn't WoW making over 100 million a month at one point from subscriptions?  

bouff
bouff

@vault-boy I'm also counting (ok maybe just hoping) on next gen release as well.

vault-boy
vault-boy

@Hurvl what? Seriously, what? Are you saying that GTA is satanic? Is Prince and Great President of Hell some sort of acronym? I hope not cause that acronym wouldn't be GAAP.

Ferg1213
Ferg1213

@wasakawaka "Any trouble, boy?" "No, old man. Thought I was having trouble with my adding. It's all right now."

MAGIC-KINECT
MAGIC-KINECT

@xsonicchaos @MAGIC-KINECT  Ummmmm....as I said ma'am, hope they don't fuk up Red Dead 2. ;)    Also the proper way to say what you said is   "You're worse than"..... 


MAGIC-KINECT
MAGIC-KINECT

@SuperDutchy @MAGIC-KINECT  I didn't pay for either. Just tired of all the bitching about the glitches, microtransactions, delayed in game cash etc. I don't even have GTA V. :D   I agree 100%, for a free game, nobody can complain. They should get the bugs worked out a bit better/faster tho, it's 2013, not 2003. Seems things would be down to a science by now.

jagcivtec
jagcivtec

@Hurvl Exactly.  And that's why I know next gen is going to be all about dumbed down games.  

Hurvl
Hurvl

@vault-boy @HurvlWhen I wrote "gaap" in Wikipedias search box, it took me directly to the article about the Great President of Hell. Although, there was also at the top some mention about "Generally Accepted Accounting Principles", but I dismissed that, because Wikipedias first suggestion was funnier and more interesting.

Hurvl
Hurvl

@jagcivtec @Hurvl So, you're out of luck it seems. I live in the past with my gigantic PC gaming backlog, so I'm happily unaware of all the dumbing down in games. In addition to that, I think PC games aren't as dumbed down as other platforms (apart from ported games), but that's just my experience from the games I like to play.

hystavito
hystavito

@pdevil21 @Grenadeh @apenlul Depends on how you look at it.  According to Wikipedia, it's Wii Sports, but as Grenadeh said it was bundled.  Mario Kart Wii is 4th place.  Here are the top across consoles:

Wii Sports - 83 million

Super Mario Bros. NES (wow) - 40

Tetris Gameboy and Gameboy Color - 35

Mario Kart Wii - 34.26

However in the same article, under the mobile section it has Tetris listed as having 100 million PAID downloads.

Not saying Wikipedia is def'n the source to go to, but I'm not gonna do more research :).

Grenadeh
Grenadeh

@pdevil21 @apenlul Pretty sure the only game that has ever sold more was Wii Sports, because it was a pack-in i.e no one voluntarily bought it.