Take-Two Interactive has published its third quarter results for fiscal year 2023, sharing updated sales data across its catalog, with a spotlight on Grand Theft Auto V. The publisher indicates a strong surge in revenue and unit sales, highlighting the ongoing strength of its digital distribution model.
Revenue climbed by 56 percent to 1.41 billion dollars, while overall sales rose by 60 percent to 1.38 billion. A striking 95 percent of all sales came from digital copies, underscoring the shift toward online distribution and direct-to-consumer channels that increasingly define the market.
In the latest quarter, Take-Two moved an additional five million copies of Grand Theft Auto V and four million copies of Red Dead Redemption 2. The lifetime circulation figures stood at 175 million for GTA V and 50 million for Red Dead Redemption 2, reflecting the enduring demand for these titles even as the company expands its future pipeline.
Not every release achieved top-line targets. Industry analyst reporting noted that Marvels Midnight Suns faced weaker sales than expected, with a late December launch window cited as a possible contributor since it coincided with other high-profile titles such as NFS Unbound and The Callisto Protocol. Despite the mixed performance, Take-Two has reaffirmed ongoing support for the game through patches and post-launch content that aim to sustain engagement and monetization over time.
Looking ahead, Take-Two plans a robust slate with 87 titles scheduled through 2025. A substantial portion of this lineup is expected to come from mobile platforms, aligning with the broader industry trend where mobile gaming drives growth and expands the company’s reach beyond traditional console and PC audiences.
Alongside the financial figures, Take-Two chief executive Strauss Zelnick commented on staff changes and the broader development roadmap. The company has previously discussed GTA six in depth, signaling continued attention to one of its flagship franchises as a central pillar of future strategy.
Leaks are taken seriously by the executive team. The sentiment described by Zelnick emphasizes how rumors can affect morale and project momentum, even when they do not alter the business outlook. The public data released for investors reflects resilience in the face of speculative narratives, with internal teams focusing on roadmaps and quality improvements.
— Strauss Zelnik
Industry observers have noted that the broader reveal for the next major installment could occur in the October to November window, depending on internal milestones and strategic decisions. The cadence of official communications remains carefully planned to balance anticipation with a controlled release timeline that aligns with market conditions and platform readiness.
Source attribution: VG Times