Take-Two Lost $42M in Latest Quarter, GTAV Shipments Top 60M - News
by William D'Angelo , posted on 03 February 2016 / 5,161 Views
Take-Two has released its earnings report for the quarter ending December 31st, 2015. Revenue dropped 22 percent year-over-year to $414 million, while the company reported a net loss of $42.4 million, down from a profit of $40 million.
Digital revenue increased 45 percent to $213 million. That is 24 percent of the total revenue. Catalog sales accounted for $235.3 million.
Take-Two also revealed shipment figures for Grand Theft Auto V has surpassed 60 million units worldwide. NBA 2K16 has shipped six million units. That is 72 percent higher than NBA 2K15.
________________________________________________________________________________________
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
More Articles
They must be investing heavily in some unannounced project. Probably gta 6 or more likely red dead 2
Red Dead 2 and I'll sell my soul to the devil.
60 million units... That is quite a few.
Gotta love these companies and their spin on digital gaming. Ever notice how physical sales are provided per unit but digital games are only "revenue"? They don't want people to see how dominant physical sales still are because they're desperately trying to influence people into buying digital and being stuck with the game.
Do you dislike digital gaming or something?, the way you write about it sounds like you do.
Chazore he probably thinks you get less value for your money with digital. Which is true especially if you're the kind of guy that trades in games. Either way I'm all digital so whatever.
The whole "trade in value" doesn't really exist on PC and in actuality the whole pawning of your items to a store means you get less money for value while they sell for more.
Digital gaming is basically going to more or less be a thing and even then we've been paying to use the license of a game for the past decade and a half now.
I'm all digital myself, I don't mind buying a physical when I want to but I find digital with a good few HDD/SSD's, decent net means I'm set for life, especially for a guy who doesn't like a lot of physical goods taking up all the space in his room along with risking said physical goods being stolen or damaged, but I digress.
I get what he's after but digital gaming isn't the anti christ and plenty of people on a platform different to his have already accepted that format and while it sucked at first when it started out on PC, it's gotten better with time and practice.
"They don't want people to see how dominant physical sales still are because they're desperately trying to influence people into buying digital and being stuck with the game."
How would you go about confirming this?
