Take-Two financial report: immortal GTA 5, incredible success of Civilization 6 and record profits

Take-Two Interactive has published its financial report for the first quarter of fiscal 2020. Despite the fall in shares

After Trump's words, the company's business is going uphill.

How is it going

For the first quarter the company received$540 million, up 39% compared to last year. In addition, this figure exceeded expected revenue of $310-360 million. Expectedly, 58% of the profit came from microtransactions and DLC for GTA Online and NBA 2K19.

Rockstar has Rockstar to thank for Take-Two's success.For example, Red Dead Redemption 2 has sold 25 million copies, and Grand Theft Auto V has already been purchased 110 million times. Civilization 6 also did not remain behind, becoming the fastest-selling game in the series, selling 5.5 million copies. NBA 2K19 has reached nearly 12 million copies sold, which Take-Two predicts will make the game the most profitable in the series.

The company was so pleased with the result thatthat it has decided to raise its forecasts for the end of the 2020 financial year. If Take-Two previously planned to earn $2.6 billion, it now expects profits to reach $2.7 billion. According to estimates, revenue among subsidiaries will be divided as follows: 60% from 2K Games, 30% from Rockstar Games and 10% from Private Division, Social Point and other sources.

“We are committed to continuing this strong start,offering a wide range of new games throughout the year, including Ancestors: The Humankind Odyssey, NBA 2K20, Borderlands 3, WWE 2K20 and The Outer Worlds, as well as new and innovative ways for consumers to stay engaged in their favorite entertainment."