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    Take Two Earnings Call

    During an earnings call, Take-Two CEO Strauss Zelnick announced that Grand Theft Auto V has shipped 75 million copies; the last publicly discussed number was 70 million units.

    Also during the call, Zelnick announced that NBA 2K17 has shipped nearly 7 million units. That's up 10 percent from NBA 2K16. The new game is poised to become 2K's highest-selling sports game ever. He added that people have collectively played more than 1 billion matches, more than half of which were multiplayer.

    Zelnick also revealed that Civilization total franchise sales have now risen to nearly 40 million units.

    In terms of financial performance, Take-Two pulled in $476.5 million in revenue, up 15 percent compared to $414.2 million last year. GTA V, GTA Online, WWE 2K17, NBA 2K17, and Civilization VI were called out as being the largest contributors to revenue during the period.

    Revenue from digital content jumped 64 percent to $240.2 million, up from $146.4 million. Additionally, "recurrent consumer spending," which includes microtransactions, DLC, and virtual currency, made up 39 percent of digital revenue and 20 percent of total revenue. GTA V, GTA Online, Civilization VI, and NBA 2K17 were mentioned as being the largest contributors here.

    Overall, Take-Two posted a loss of $29.8 million for the quarter, which is better than the $42.4 million loss it took during the same period last year.

    "Take-Two had a highly successful holiday quarter," Take-Two CEO Strauss Zelnick said in prepared remarks. "Consumer demand for our new releases and catalog titles was strong throughout the period, and players continued to engage significantly with our games after purchase. As a result, we delivered better-than-expected bookings, including our best-ever quarter for recurrent consumer spending, along with double-digit growth in both net revenue and net cash provided by operating activities."

    Take-Two paid $250 million to acquire mobile game developer Social Point earlier this month. The company is expected to further discuss that and more during a call scheduled for 1:30 PM PT today. Check back with GameSpot for updates.

    Take-Two is just the latest to report earnings in recent weeks. Check out the stories below to see how other companies are doing; Activision, Ubisoft, and Nvidia report earnings on February 9.


    More notes

    The call also revealed interesting numbers for the publisher:

    Mafia III is the publisher's fastest selling game in the first week and has, at the current date, sold-in over 5 million copies altogether.
    Civilization VI is the fastest selling entry in the series and has sold 1.5 million units to date. The sales for the series as a whole have now passed 40 million copies.
    The biggest contributors to Take-Two's revenue growth were Grand Theft Auto V/Online, WWE 2K17, NBA 2K17, and Civilization VI.
    Take-Two expects its net revenue to increase from $542 million to $592 by March 31.
    The publisher plans to support the Nintendo Switch with NBA 2K18 and beyond.

  2. #2
    Just look at those NBA 2K17 numbers. This is why I do not understand the decision to continue on with NBA Live.

  3. #3
    Heisman Rudy's Avatar
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    Quote Originally Posted by bdoughty View Post
    Just look at those NBA 2K17 numbers. This is why I do not understand the decision to continue on with NBA Live.
    It's the reason why EA tries. They see 7+ million as a big pie. Getting 20% of that market would be big for them. The question is if they can ever grab it though. I still think a baseball game on the Xbox would be smarter.

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