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Take-Two Interactive Software has reported its financial results for the first quarter of fiscal year 2025, covering the period from April to July 2024. Among the highlights, the company announced significant sales milestones for two of its most iconic titles: Grand Theft Auto V and Red Dead Redemption 2. Strong Financial Performance Amid Iconic Game Sales Take-Two recorded $1.22 billion in Net Bookings for the quarter, consistent with its prior guidance and reflecting a 1% increase compared to the same period last year. Net revenue reached $1.34 billion, a 4% year-on-year growth. Recurrent consumer spending, which includes microtransactions, downloadable content (DLC), and subscriptions, remained stable, accounting for 83% of total Net Bookings and 82% of total net revenue. Despite these strong figures, the company reported a net loss of $262.0 million, up from $206.0 million during the same quarter in the previous year. Take-Two's CEO Strauss Zelnick described the quarterly results as "solid," emphasizing the company's continued engagement with players through new game releases and content updates. He expressed optimism about the future, highlighting the vibrancy of core franchises and the ongoing development of what he referred to as the "most ambitious development pipeline" in the company's history. "We are highly optimistic about our future — our core franchises remain vibrant, our teams are hard at work on the most ambitious development pipeline in our history," Zelnick stated. He also reaffirmed the company's Net Bookings outlook for the year, projected between $5.55 and $5.65 billion. GTA 5 and Red Dead Redemption 2 Hit Major Milestones Among the key announcements, Grand Theft Auto V has surpassed the remarkable milestone of 200 million copies sold globally. The GTA franchise as a whole has now shipped over 430 million units. Notably, GTA 5 reached $1 billion in retail sales faster than any other entertainment release in history, underscoring its monumental impact on the gaming industry. Meanwhile, Red Dead Redemption 2 continues to perform strongly, with sales now exceeding 65 million units. The broader Red Dead franchise has shipped over 91 million units, further solidifying its place as one of the most successful series under Take-Two's banner. Future Outlook and Development Pipeline Take-Two is gearing up for an ambitious future, with Grand Theft Auto VI slated for release in the fall of 2025. Although GTA Online saw a slight decline in revenue year-on-year, the franchise's overall performance remains robust. The company also teased its "strongest pipeline in history," signaling a wealth of upcoming titles across various genres. This pipeline is expected to drive sequential increases in Net Bookings through Fiscal 2026 and 2027, which Zelnick believes will contribute to long-term shareholder value. Final Thoughts Take-Two Interactive's latest financial results underscore the enduring success of its flagship franchises, Grand Theft Auto and Red Dead Redemption. As the company prepares for future releases, including the highly anticipated GTA 6, it continues to build on its legacy of producing industry-defining games. The record-breaking sales of GTA 5 and the continued strong performance of Red Dead Redemption 2 serve as testaments to the company’s ability to captivate and engage the global gaming community. Also Read:

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GTA 5 sales

GTA 5 Surpasses 200 Million Copies Sold, Red Dead Redemption 2 Exceeds 65 Million