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GTA V sells 54 million, Take-Two loses $67 million

As Take-Two has announced their earnings for Q1 2016, news of the company’s current financial stance and the sales of their biggest property, Grand Theft Auto, is out in the wild.

We’ll start with the game itself. With the release of Grand Theft Auto V on PC, Rockstar’s latest has now sold more than 54 million units across the PlayStation 3, PlayStation 4, Xbox 360, Xbox One and PC platforms. All Grand Theft Auto products actually accounted for nearly 30 percent of Take-Two’s revenue over the last 12 months. For the last three months, in fact, GTA products accounted for 60 percent of all Take-Two revenue.

As for Take-Two itself? The company is actually in the loss column for the first quarter of fiscal year 2016. Thanks to whatever development, investment and spending they have going on, in spite of the banner sales, Take-Two had a net loss of $67 million.

Hopefully a huge chunk of that loss is being spent on something like, I don’t know, a new Red Dead game. That’d be nice.

So, what do you think? Grand Theft Auto V selling more than 54 million units is pretty darn impressive.

Take-Two

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Joey Davidson

Joey Davidson leads the gaming department here on TechnoBuffalo. He's been covering games online for more than 10 years, and he's a lover of all...Joey Davidson leads the gaming department here on TechnoBuffalo. He's been covering games online for more than 10 years, and he's a lover of all...