Take-Two Interactive's financial results were released yesterday, with the company revealing new sales numbers for two of its heaviest hitters: Grand Theft Auto V and Red Dead Redemption 2.
Take-Two Interactive reported its bookings grew to $1.38 billion in its third quarter, despite reporting lower bookings than what the company expected to see during the holiday season. The company chalked this up to a multitude of factors, including consumers choosing to spend on established franchises that were holding sales, as well as just spending less overall. Take-Two is also seeing $50 million in cost reduction practices aimed at lowering its global expenses annually.
However, despite lower spending, it looks like Red Dead Redemption 2 was a boon to Take Two, with Rockstar's western epic selling through 50 million units globally. This is despite the decision by Rockstar to wind down meaningful support for its online mode instead to shift resources to Grand Theft Auto VI.
Speaking of Grand Theft Auto, GTA V has hit a new sales threshold, with the company stating that it has reached 175 million units in sales since its launch almost a decade ago. Grand Theft Auto Online is still just printing money for Take-Two Interactive, posting higher-than-expected sales during the quarter. GTA Online saw multiple events and sales during that time, continuing to drive revenue for the company, with CEO Strauss Zelnick stating that Grand Theft Auto was the "highest-grossing intellectual property of any kind" according to VentureBeat.
You can check out the full financial results on the Take-Two website.
