Take-Two’s stock falls despite the critical and commercial success of Red Dead Redemption 2, indicating free-to-play models may be taking a toll on the industry.
Red Dead Redemption 2 may have been one of the biggest games of last year, but that apparently hasn’t done much for the stock price of its publisher, Take-Two Interactive. The company has seen its shares slump by 14% due to lower quarterly projections than what some analysts were anticipating.
The company reported estimated earnings of $450 million to $500 million for the quarter ending in March, which is well under the $609.1 million projection many market analysts had been anticipating, leading to the decrease in share price. This may surprise many fans, as Red Dead Redemption 2 was the second best selling game of 2018, coming in right under Black Ops 4.
