GTA Parent Company Sees Huge Decline in Sales, But There's a Good Reason Why

Take-Two Interactive today announced financial results for the quarter ended September 30, with the company posting a huge drop in overall sales compared to last year, but there's a good explanation.

For this quarter, net revenue was $135.4 million, compared to a massive $1.27 billion last year thanks to the massive success of Grand Theft Auto V. Take-Two posted a net loss of $35.4 million during the quarter, compared to a profit of $325.6 million this time last year.

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jackanderson19851502d ago

because GTA 5 hasn't released again while simultaneously wiping everyones copy and memory so they go buy it in record numbers.... shock horror!!!!

HRoach6161502d ago

Yeah I have a feeling they are gonna sell a f*** load of current gen GTA5 copies again. Most likely not near what it did upon its first release. But I imagine it will still do incredibly well. It's GTA. Everyone who enjoys the games likes to hop on from time to time n shoot some police.
I'm really looking forward to playing threw it again then jumping back into GTA online.

This November is gonna be a wallet killer.

spacedelete1502d ago (Edited 1502d ago )

it won't outsell the original GTAV but i'd bet alot of current gen owners will buy it. GTAV remaster will probably sell through out the whole current gen cycle even after GTA6 releases just like how GTA4 was still selling before V released.

it will be the highest selling current gen game as well easily passing Destiny and Titanfall.

xX1NORM1Xx1502d ago

One feature I would really like is faster loading I assume it has it not hating on GTA obviously just the 360/PS3 loading times for online are horrible