Rockstar Games and COVID-19 Relief pic.twitter.com/9j6NrtcrFN. "We expect GTA Online to moderate during this fiscal year. Grand Theft Auto V's massively popular persistent online open-world component, GTA Online, has generated an estimated $1.092 billion in total revenues, analyst firm SuperData reports. It's the most popular entertainment property of all time with over 115 million copies sold.GTA Online managed to make over $1 billion in … Adding in the revenue from Red Dead Online, which tends to underperform GTA, would make the effort even more significant. He hopes to one day explore the stars in No Man's Sky with the magic of VR. 3DMark DirectX Raytracing Feature Test Benchmarked, Supermicro C9Z490-PGW Build Guide + Giveaway with Intel's 10900KF. 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It did grow significantly in 2017 and we continue to support it, but since it's unlike anything else that we've ever had we have every little visibility on how long it'll continue this trend of growth, we've included is moderating in this year's guidance," Take-Two Interactive Chief Financial Officer Lainie Goldstein said during the earnings call. The post mentions North America, the UK, and India specifically, so there's a chance this will be the main focus on where the donations are sent. © 1999-2020 Tweak Town Pty Ltd. All Rights Reserved. More announcements will be made by Rockstar in the future. Despite the massive earnings spike in 2017, Take-Two expects GTA Online earnings to moderate throughout the next fiscal year. About Our Ads GTA V and GTA Online show no signs of slowing down. Take-Two has a number of AAA game launches on the horizon, with NBA 2K20 and Gearbox's Borderlands 3 set to bow in September and WWE 2K20 and The Outer Worlds slated for October. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. All rights reserved. GameSpot may get a commission from retail offers. With the consolidated warehouse, businesses turned into sources of passive income. Like its heisting protagonists, Grand Theft Auto V just won't stop grabbing up all the money. Find out more about how we use your information in our Privacy Policy and Cookie Policy. By Olivia Harris on March 31, 2020 at 9:30PM PDT. GTA Online won't be phased out any time soon, however--the property is much too valuable. The donations will be contributed to these communities and businesses, as well as to organizations actively helping out those in need during this crisis. | Cookie Settings. © 2020 GAMESPOT, A RED VENTURES COMPANY. While 5% might not seem like a lot of money, Rockstar makes a large portion of their revenue through microtransactions. This fits in line with NPD Group's recent findings that show GTA V was in the top 20 best-selling U.S. games for 73 consecutive months. Patrick Shanley Last quarter, Take-Two reported gross profits of $280 million, while profits for the full year topped $1.1 billion, boosted in large part by the successful launch of Rockstar's Red Dead Redemption 2 in October and the continued success of Grand Theft Auto Online. Should I buy DDR4 RAM or wait for DDR5 RAM, and is 3200MHz enough. It's the most popular entertainment property of all time with over 115 million copies sold. Almost four years down the line, GTA V is still drawing big crowds. Rockstar Games parent company Take-Two Interactive reported strong earnings in its last fiscal year thanks to the years-old GTA V and GTA Online powerhouse. by Recurrent consumer spending accounted for 58 percent of total GAAP net revenue over the period. In GTA Online players can purchase an Retro Arcade Property and in fact this purchase from Maze Bank Foreclosures is downright essential if you want to host Diamond Casino Heists. Is there an Alternate Reality Game hidden inside of Half-Life: Alyx? The first big surprise is the initial digital-only Nintendo Switch release of NBA 2K18. GTA V has sold over 120 million copies worldwide, with 20 million of those units being sold in 2019, six years after the initial release on PS3 and Xbox 360. Read Red Redemption 2 has passed 29 million sales, with the game releasing in October 2018 on console and late last year on PC. Half-Life 4 announced: Valve confirms it cannot count to 3, Here's how you can finish Half-Life: Alyx without a VR headset, Half-Life: Alyx is the best PC game of 2020 on Metacritic. Purchases made via the Xbox Game Store, PlayStation Store, and GTA Social Club helped deliver $268.2 million in digital net revenue for the quarter (up 56 percent over the previous year). He hopes to one day explore the stars in No Man's Sky with the magic of VR. Sitemap | Of course, the likes of NBA 2K17, Mafia III, WWE 2K17, and Sid Meier's Civilization VI also did their bit to help out. The Hollywood Reporter is part of MRC Media and Info, a division of MRC. Grand Theft Auto V, the core game on which GTA Online runs, was originally released nearly six years ago in October 2013. GTA V is the highest-earning digital console game of all time thanks to its hugely profitable add-on content, the firm said in a recent market report, with total revenues of $1.4 billion since its release in 2013--78% of which was earned by add-on content through GTA Online. The publisher is expected to follow a similar microtransaction-driven monetization path with Red Dead Redemption 2's online component, which will deliver a "brand new online multiplayer experience" thanks to the game's "vast and atmospheric world.". The Twitter post did not exactly who the funds will be donated to specifically, just referring to business, communities, and organizations in general. © 2020 The Hollywood Reporter You can change your choices at any time by visiting Your Privacy Controls. Olivia Harris This is thanks to the continued updates of GTA Online, with major content updates like Diamond Heist keeping players engaged after so many years. © 1999-2020 Tweak Town Pty Ltd. All Rights Reserved. And even in 2019, six years after release, it's still making more dough than Pillsbury. This update was GTA Online's biggest content launch ever, delivering record daily, weekly, and monthly active users in July and again in August," Take-Two CEO Strauss Zelnick said in a Q2'20 earnings call. Take-Two Interactive CEO Strauss Zelnick confirmed that Rockstar will continue releasing new free content updates for the game to keep players engaged and ensure the monetization strategy keeps spinning. Grand Theft Auto V's massively popular persistent online open-world component, GTA Online, has generated an estimated $1.092 billion in total revenues, analyst firm SuperData reports. The distributor also used its latest results to drop some info about future game launches. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. Email news@gamespot.com. Throughout 2019 alone, GTA V pulled in $595 million in digital revenues, analyst firm SuperData reports in its latest 2019 Year in Review sales brief. After Hours brought the biggest change to the way money is made in GTA Online ever since businesses were introduced by Further Adventures in Finance and Felony. Earlier this year, it was revealed that GTA Online revenue touched $500 million through micro-transactions. Demon's Souls PS5 Early Review Impressions, announced back in February that microtransaction spending in GTA Online grew by a whopping 54%, GTA V has sold over 120 million copies worldwide. Since then, it has become the highest-grossing media title of all time. Purchases made via the Xbox Game Store, PlayStation Store, and GTA Social Club helped deliver $268.2 million in digital net revenue for the quarter (up 56 percent over the previous year). 1:15 PM PDT 8/5/2019 Walmart PS5 Release Times: Here's When The PS5 Goes On Sale Tomorrow, Phil Spencer On Xbox And Japan, Halo's Future, Playing Elden Ring, And More, Best Black Friday 2020 Xbox Series X And Xbox One Game Deals, By A physical release for the Switch is tentatively due in the fall, but there's no word on an exact date. Take-Two Interactive's massively lucrative online-based Grand Theft Auto game has pulled in considerable lifetime-to-date earnings, according to research firm SuperData. The company earned $927.1 million in digital net revenues, with recurrent consumer spending on DLC/add-ons/microtransactions making up 50% of revenues, or $460.85 million. Consumers love it, and it remains an enormous focus of everyone's attention and we remain very excited by it even though our financial results are expected to moderate,"Zelnick affirmed. GTA V is the most profitable entertainment product of all time 90 million sales and $6 billion in revenue means nothing comes close to Rockstar's biggest hit Los Santos is home to the biggest ballers. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Grand Theft Auto V, the core game on which GTA Online runs, was originally released nearly six years ago in October 2013. Disruption Logistics is a Dark Net network server featured in Grand Theft Auto Online as part of the Gunrunning update available only in Public Free Mode sessions. Most likely this will include sales made in-game across PC, Xbox One, and PS4 for GTA Online and Red Dead Online. GTA Online is almost six years old at this point, and it's too soon to say if Red Dead Online will have the legs of its predecessor.