Grand Theft Auto Online audience grew 72% in Q1



The number of people playing Grand Theft Auto Online has apparently increased by 72% year over year.

That’s according to Strauss Zelnick, CEO of parent company Rockstar Take-Two, who told investors – as transcribed by Seeking Alpha – that the audience for this game had increased over the three months ending June 2021. In addition, the executive said there had been a 77% increase in the number of new players and “significant growth recurring consumer spending “.

The firm also revealed that Grand Theft Auto V has now shipped more than 150 million units since its launch in September 2013.

Zelnick also said that Red Dead Redemption 2 reached 38 million units in deliveries between November 2018 and June 2021, which Zelnick said “exceeded our expectations.”

Grand Theft Auto V and Red Dead Redemption 2 – along with their online components – apparently drove Take-Two’s “better-than-expected” results for the quarter. GAAP net income increased 72% to $ 152.3 million, although GAAP net income fell 2% to $ 813.3 million.

“We started fiscal 2022 with positive momentum, which was reflected in our ability to deliver first quarter operating results above our expectations,” Zelnick said in the company’s financial release.

“During this period, we have continued to invest in our future, notably by developing our creative teams and further developing our mobile activity and expertise.

“For the year, we reiterate our outlook as there has been some movement in our release schedule, including two of our immersive core titles shifted later in fiscal 2022 than anticipated by our previous forecast. . As we deliver our expansive, multi-year pipeline, we believe we will achieve sequential growth in fiscal 2023 and set new record levels of operating results over the next several years.

“We remain very optimistic about the growth potential of the interactive entertainment industry and our competitive positioning in the sector. We believe that our unique strategic advantages, along with our focus on improving our business and capitalizing on our growth opportunities, will allow us to create long-term shareholder value.



Leave A Reply