Take-Two revealed the over a decade old game has sold hundreds of millions of copies, and is still a major driver behind the publisher’s revenue.
Take-Two Interactive disclosed its third quarter earnings today, and likely to no one’s surprise, the company’s revenue is up, and its outlook is positive as we draw closer to the gargantuan release of Grand Theft Auto VI.
Take-Two reported a GAAP net revenue of $1.70 billion, increased from $1.36 billion year-on-year. The company also disclosed that recurrent consumer spending – long-standing customers buying in-game currency and other in-game purchases – has increased by 23%.
“With ongoing momentum across many of our businesses, and the highly anticipated launch of Grand Theft Auto VI on November 19th, we continue to project record levels of net bookings in Fiscal 2027, which we believe will establish a new financial baseline for our business, set us on a path to enhanced profitability, and provide further balance sheet strength and flexibility,” Take-Two Interactive CEO Strauss Zelnick said during the company’s earnings call.
