Yesterday Take-Two held its fourth quarter and full year earnings conference call. It has been a good quarter and a good year for Take-Two. Releasing games like Borderlands 3, NBA 2K20 and The Outer Worlds the company has exceeded expectations. Despite beating expectations, the stock price of the company went down after the results were posted.
While juggernauts such as Grand Theft Auto V (130 million copies sold) and Red Dead Redemption 2 (21 million copies sold) keep on selling millions of copies, their recently founded label for independent games, Private Division, had its first success in 2019. The Outer Worlds has sold over 2.5 million copies.
The game by Microsoft’s Obsidian Entertainment is set to release on Nintendo Switch on June 5th. Take-Two is planning to release over 93 games by March 2025, of which 46 are new IP’s. So there’s plenty to look forward to from this publisher.