Earlier this year, Grand Theft Auto V was deemed the most profitable entertainment property in history. The latest news regarding its sales numbers shouldn’t come as too much of a surprise, then. During a financial earnings call, Strauss Zelnick, CEO of Grand Theft Auto’s publisher, Take-Two Interactive, revealed the title will soon reach the 100 million copies sold milestone.
Zelnick spoke of the strong start to Take-Two’s 2019 fiscal year, the first quarter of which began April 1 and ended June 31. In the first quarter alone, the publisher made a net profit of $388 million. Despite earnings being down compared to the same period last year, when the company earned $418.2 million, Zelnick said Take-Two will increase its outlook for the remainder of this fiscal year. According to Zelnick,
Fiscal 2019 is off to a solid start, with first-quarter operating results that exceeded our expectations. This performance was driven by better-than-expected recurrent consumer spending on Grand Theft Auto Online and NBA 2K18, as well as robust ongoing demand for Grand Theft Auto V, which is now approaching 100 million units sold-in to date. Accordingly, we are increasing our operating outlook for fiscal year 2019.
Red Dead Redemption 2’s impending release no doubt plays a part in heightened expectations. Obviously, GTA V’s continued success also rests at the heart of Take-Two’s confidence, especially since Rockstar continues to launch new content for GTA Online. The latest update, “After Hours,” allows players to run a nightclub in Los Santos. Red Dead Redemption 2 is expected to feature robust online offerings, as well.
The Red Dead entry hits PlayStation 4 and Xbox One on October 26.