Wed. Nov 30th, 2022
Take Two cancels plans to stop printing money through Grand Theft Auto Online

When will Grand Theft Auto Online stop working? The series’ developers at Rockstar and the corporate parents at Take Two have hinted at an eventual cancellation, but we’ve finally received official word that the wildly popular online game updates goods will be canceled…until plans are changed.

In a note tucked into a highly successful-sounding report for the first fiscal quarter of 2018, Take Two confirmed that the company will “extend the lifespan” of both. Grand Theft Auto V And his GTA Online mode, meaning its lifespan was finite. Neither Wednesday’s quarterly report nor any other official announcement from Rockstar or Take Two, including the past year of Take Two’s financial disclosures, outlined a timeline for the GTA Online product, which will continue to receive content updates for both the free and paid content.

In Take Two’s first quarter 2018 financial report, net sales grew a whopping 31 percent year-over-year, totaling $418.2 million. That jump came largely in the form of “digitally delivered net revenue,” which grew 56 percent. Do the math and you’ll see a year-over-year net revenue increase of $106.8 million and a digitally delivered net revenue jump of $96.1 million. (By the way, this comes in a quarter when Take Two’s subsidiaries haven’t released any new game SKUs.) Take Two hasn’t made it clear exactly how those purchases are split between retail game purchases through online retailers and add-on or DLC purchases within a game’s internal storefront, but it did indicate that GTA Online purchases led to the charge for the publisher’s sales jump.

Take Two’s GAAP net sales and net profit forecasts for the entire fiscal year 2018 have shrunk as a result of this quarter’s report (down approximately $300,000 and $400,000, respectively). Those results are due to “higher expected internal royalties driven by the strong performance of Grand Theft Auto V and Grand Theft Auto Online.”

While Rockstar and Take Two haven’t released many details about how their highly anticipated Red Dead Redemption 2 will play, coming in “spring 2018,” financial reports like this could be telling. Take Two can’t stop printing money via GTA Onlinemicrotransactions, and it’s hard to imagine RDR2 starting without comparable online revenue aspirations.

By akfire1

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