Grand Theft Auto Online Just Had Its Best Quarter Ever

Revenue is way up.

By Seth G. Macy

Grand Theft Auto Online just had its best quarter, ever, for parent company Take-Two Interactive.

In its quarterly earnings release, Take-Two reported net revenue from digitally-delivered content grew 72% over the same period last year, with GTA Online leading the pack for "recurrent consumer spending."

Recurrent consumer spending refers to "virtual currency, downloadable add-on content and microtransactions," but it's not just GTA Online fans are spending real money on. NBA 2K17 also keeps bringing home the bacon for the company, both in recurrent spending and in over-all sales, with 2K17 now holding the title of Take-Two Interactive's best-selling sports title ever.

In prepared statements, CEO Strauss Zelnick teased a new game "from one of 2K's biggest franchises" to help drive revenue for fiscal year 2019, along with Red Dead Redemption 2.

Take-Two's fiscal year 2019 begins in May 2018.

The huge success of Grand Theft Auto V and Grand Theft Auto Online might be a double-edged sword. As of February, Grand Theft Auto V has sold over 75 million copies, but in its financial statement press release, Take-Two said it has "determined that it is necessary to extend the life" of both Grand Theft Auto 5 and Grand Theft Auto Online "for the purpose of deferrals."

Rumors began to circulate recently about the inevitable start of Grand Theft Auto 6, but the actor whose resume was used as evidence has since denied posting the information, blaming an unauthorized third-party for the phony info. With Grand Theft Auto V continuing to deliver for Take-Two, the company probably isn't too concerned about the immediacy of a follow-up.

Seth Macy is IGN's weekend web producer and just wants to be your friend. Follow him on Twitter @sethmacy, or subscribe to Seth Macy's YouTube channel.

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