“As a result of our better-than-expected first-quarter operating results and increased forecast for the balance of the year, we are raising our outlook for fiscal 2020, which is anticipated to be another great year for our organization. “We delivered significant net bookings and cash flow growth driven by the performance of Grand Theft Auto Online and Grand Theft Auto V, NBA 2K19, the Borderlands franchise, and Red Dead Redemption 2 and Red Dead Online. “Fiscal 2020 is off to a terrific start with first-quarter operating results that beat our expectations,” said Strauss Zelnick, CEO of New York-based Take-Two, in a statement.
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Previous Borderlands series games also helped boost the quarter, with the launch of the Borderlands: The Handsome Collection. NBA 2K19 sold more than 12 million units. GTA V has now sold 110 million units to date. Red Dead Online and Grand Theft Auto Online are also contributing to revenues, and Take-Two said that recurrent consumer spending was up 31% and accounted for 58% of GAAP net revenue, thanks to Grand Theft Auto Online and NBA 2K performance.īut neither Red Dead Redemption 2 and Red Dead Online seem destined to repeat the unprecedented success of Grand Theft Auto V and Grand Theft Auto Online. But it has stalled since then, as the company said today it has sold-in 25 million copies to date.
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Red Dead Redemption 2, the Western epic from Take-Two’s Rockstar Games label that was more than seven years in the making, has been a big part of revenues since the title debuted on October 26, and it sold 23 million copies in the holiday quarter.