Take-Two Interactive, publisher of franchises including Grand Theft Auto and Red Dead Redemption, has reported a profit increase during the last fiscal quarter in their latest earnings release.
During the last quarter of 2017, the company saw a net revenue of $480.8 million, up from $476.5 million reported over the same period in 2016. The biggest contributors to this increase were Grand Theft Auto Online, NBA 2K18, WWE 2K18 and L.A. Noire.
Take-Two Interactive also increased its digital revenue to $258.4 million, up 8 percent from the previous year, mostly from its Grand Theft Auto Online and their various sports titles. Microtransaction, DLC and in-game currency sales have also increased by 64 percent and accounted for 32 percent of net profits.
Looking to 2018, Take-Two Interactive is optimistic about the fiscal outcome for the year, with the release of Red Dead Redemption 2 scheduled for release on October 26th.