GTA V Continues to Succeed Years After Launching and XCOM 2 Delayed

If you're still playing GTA V and NBA 2K16 you're not along, Take-Two released their Q1 2017 earnings and a lot of people are spending money on these games.

According to Take-Two reported that Q1 2017, which ended in June 30th, net revenue grew 13% to $331.6 million as compared to $275.3 year-over-year.

The largest contributor was GTA V, GTA Online, NBA 2K16, and Battleborn.

Consumers increased their virtual currency spending, DLC, and online games by 18% year-over-year and accounted for 57% of digital net revenue. 

The biggest contributors to digital good were GTA Online and NBA 2K16.

“Our results were driven by the continued strong performance of Grand Theft Auto 5 and NBA 2K, coupled with growth in revenue and bookings from recurrent consumer spending, including record bookings from Grand Theft Auto Online." CEO Strauss Zeinick stated.

“We anticipate a robust holiday season for Take-Two, anchored by the upcoming launches of Mafia 3, Sid Meier’s Civilization 6, NBA 2K17 and WWE 2K17. We plan to continue to support our titles with an array of innovative offerings designed to promote ongoing engagement and drive recurrent consumer spending, including additional free content for Grand Theft Auto Online."

The company did reiterate that Rockstar was hard at work with new projects that will be shown soon. People speculate that these two titles are Red Dead Redemption 2, which was allegedly pulled during Sony's E3 2016 press conference, and the long-delayed Agent.

Now for the bad news, XCOM 2 has been delayed from September 6 to September 27. Not a huge delay but expect it later on. Considering that Final Fantasy XV comes out on September 30th perhaps delaying it closer to one of the most anticipated games for the last 10 years isn't wise.

Adam Siddiqui, NoobFeed
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