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Take-Two Delays Two Core Titles, 'Grand Theft Auto V' Sells 150 Million Units

by Rainier on Aug. 2, 2021 @ 2:33 p.m. PDT

Take-Two Interactive releases it's latest (First Quarter 2022) financial results, revealing better than expected results with $152 million in net income.

Without naming specific titles Take-Two CEO Strauss Zelnick revealed that it is delaying two of its "immersive core titles" until later in fiscal 2022, which could be anywhere from later this year or in actual 2022.

“We began fiscal 2022 with positive momentum, which was reflected in our ability to deliver first quarter operating results which were above our expectations,” said Strauss Zelnick, Chairman and CEO of Take-Two. “During the period, we continued to invest in our future, including growing our creative teams and expanding our mobile business and expertise further.

“For the year, we are reiterating our outlook, as there has been some movement in our release schedule, including two of our immersive core titles shifting to later in fiscal 2022 than contemplated by our prior guidance. As we deliver on our expansive multi-year pipeline, we believe that we will achieve sequential growth in fiscal 2023 and establish new record levels of operating results over the next few years.

“We remain highly optimistic about the growth potential for the interactive entertainment industry and our competitive positioning within the sector. We believe that our unique strategic advantages, together with our focus on enhancing our enterprise and capitalizing on our growth opportunities, will enable us to deliver long-term shareholder value.”

In the follow up earning call Take-Two mentioned that Grand Theft Auto V has now sold 150 million units, larely driven by the multiplayer Grand Theft Auto Online mode.

Grand Theft Auto V: Expanded and Enhanced is coming to PS5 and Xbox Series X|S on November 11, 2021, with a standalone Grand Theft Auto Online version coming that same day.

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