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Grand Theft Auto V Surpasses a Whopping 80 Million Units Sold

Grand Theft Auto V Surpasses a Whopping 80 Million Units Sold

Fans are starting to wonder if the only way to actually see another Grand Theft Auto game is for GTA V to actually stop selling.

In the call, Take-Two also obliquely confirmed that Red Dead Redemption 2 would not release sooner than April 2018.

The publisher of "Grand Theft Auto" and other video games reported profit and sales in the latest quarter that beat analysts' expectations.

Digitally-delivered net revenue grew 32% to $921.7 million, as compared to $697.7 million in fiscal year 2016.

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"The title continues to attract and delight new audiences, especially as the installed base of PlayStation 4 and Xbox One expands further", said Take-Two CEO Strauss Zelnick. After revealing that 75% of copies have been sold physically, Zelnick added, "What's driving this is that consumers love this title and want more of it". More than three years on and it seems enthusiasm for the title is still continuing with over 80 million units shipped. Recurrent consumer spending, which covers virtual currency, downloadable add-on content and microtransactions, accounted for 50% of digital revenue, or 26% of total net revenue.

Apparently, due to such positive results, the stock price of Take-Two even again rose to 7.40 % (73.98 Dollars apiece), although after yesterday's announcement, is about to release Red Dead Redemption 2 in 2018-the year the price fell to $ 62.90 per share.

We didn't expect that the Red Dead Redemption delay would have effected their earnings, as the delay only came through yesterday and the game wasn't slated to hit until their 2018 fiscal year anyhow. As Rockstar stated, Red Dead Redemption 2 will be their first game created from the ground up for the latest generation of console hardware, and some extra time is necessary to ensure that they deliver the best experience possible.

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