- In an investor call, Take-Two Interactive revealed that GTA 5 has crossed over 175 million copies globally.
- The 5 million sales increase occurred after November when the figures stood at around 170 million copies sold. The series overall has sold over 395 million units.
- Red Dead Redemption 2 has also moved 50 million copies since its release three years ago, with the overall franchise boasting 70 million copies sold.
- Moreover, Take-Two Interactive is adopting a program to save $50 million in spending; it has also reported reduced consumer spending over the holiday season in its newer entries due to the economic recession.
Grand Theft Auto 5 has recently crossed another milestone of its already impressive list of met goals; the entry has rolled over a whopping 175 million units, as declared by Take-Two Interactive in a new investor call. Moreover, the new report also brought other notable details and updates into the light that are worth analyzing.
In November of last year, it was reported that Rockstar Games’ GTA 5 had sold 170 million units; the entry has since then made over 5 million sales. One of the most popular games in the world usually moves over 5 million units every month, and it has kept its swift pace throughout the releases of the three generations of consoles.
The entirety of the Grand Theft Auto franchise has also nearly reached the 400 million juncture, currently standing at 395 million copies sold throughout the globe. According to Take-Two Interactive, GTA 5 has been the best-selling game in the United States for the last decade, counting both unit and dollar sales.
However, its success story does not end here; the Grand Theft Auto 5 is acclaimed as the fastest-selling product in all entertainment media to reach the $1 billion sales threshold. We can expect its sales figure to rise and reach the staggering 200 million threshold before the release of Grand Theft Auto 6.
Take-Two Interactive also noted the total sales figure of Red Dead Redemption 2 in the investor call. The enthralling entry has sold over 50 million copies yet, and it now hails as the second best-selling game in the US in the last 5 years based on dollar sales. The entire Read Dead Redemption series has toted over 70 million units.
One may think that Take-Two Interactive has preserved its legacy from the recent corporations’ waves of layoffs, given the massive new milestones and its sales figures reaching the moon. However, that is not the case, and the renowned company is also taking action to ensure less spending in the future.
Regardless, the huge company is also seeking to save $50 million by adopting a “cost reduction program,” as revealed in Q3 quarterly earnings presentations for the fiscal year 2023. The program will concentrate on various important sections, including “publishing and corporate functions.”
The report notes that the customers allegedly engaged in “more cautionary purchasing behaviors during the Holiday season.” It is also bearing the effects of the recent downgrade in consumer spending, as witnessed in the last holiday season in several large industries around the globe.
Take-Two Interactive has also been affected by the recent global economic slump, which has led to its newer titles suffering less frequent customer purchases. It noted, “We felt pressure on some of our newer releases that are in earlier stages of building their player base, alongside softness in recurrent consumer spending.”
Some fans have speculated that the unmatched success of GTA 5 may be the leading reason why Rockstar Games has delayed its subsequent installment. Nevertheless, Grand Theft Auto VI is likely slated for a late 2024 or 2025 release, according to the strongest rumors in the community.
What are your thoughts regarding the recent Take-Two Interactive investor briefings discussing the GTA 5 and Read Dead Redemption 2 sales? Do you think the dismal sales forecast foreshadows a bad future for the conglomerate? Do let us know your opinions in the comments below.
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