Take-Two Q4 2019 Earnings Report – Red Dead Redemption 2 has sold over 24 Million copies worldwide
Rockstar Games’ parent company, Take-Two Interactive, have released their earnings report for the past quarter, which ended March 31st, 2019. Net revenue grew to $539.0 Million, as compared to the same quarter a year ago which was $450.3 million – Take-Two repurchased 1.12 million for $100 Million
Grand Theft Auto V has sold over 110 Million copies worldwide and Red Dead Redemption 2 has sold over 24 Million copies worldwide.
Net income increased to $333.8 million.
CEO Strauss Zelnick accompanied the press release with a statement. As usual, he teases sequels for existing franchises coming, alongside new IP.
Take-Two finished a stellar year with strong fourth quarter operating results highlighted by the outperformance of Grand Theft Auto Online and Grand Theft Auto V, as well as NBA 2K19, and significant ongoing sales of our blockbuster hit, Red Dead Redemption 2. For the full fiscal year, our Company delivered record Net Bookings and Adjusted Operating Cash Flow, which exceeded our outlook at the start of the year, along with strong earnings growth driven by the record-breaking launch of Red Dead Redemption 2, the outstanding performance of NBA 2K, and better-than expected results from Grand Theft Auto Onlineand Grand Theft Auto V.
“We expect fiscal 2020 to be another strong year for Take-Two, with operating results currently forecasted to be lower than fiscal 2019, due to the extraordinary success of Red Dead Redemption 2, and growing as compared to fiscal 2018.
“Take-Two has the strongest development pipeline in its history, including sequels from our biggest franchises as well as exciting new IP. In addition, we are actively investing in emerging opportunities such as Private Division, mobile games, eSports and geographic expansion that have the potential to be enormous drivers of growth. We are exceedingly well positioned to generate significant growth and margin expansion over the long-term.
Interestingly, we learned from Zelnick himself during the follow-up conference call that Red Dead Redemption 2 passed 24 units worldwide. Red Dead Online is expected to exit its beta phase this quarter (by June 30 2019).
On the other hand, Grand Theft Auto V has now shipped almost 110 million units.
Both titles by Rockstar combined (included their online components) had almost 90 million registered accounts in the past fiscal year.
Rockstar’s Social Club platform has over 200 million registered accounts.
On top of this, Civilization 6 “significantly” outperformed expectations due to the popularity of the Nintendo Switch version and of the expansion packs.
Below you can read highlights for all of Take-Two’s brands, including Rockstar Games and 2K Games.