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. However, whilst players will be required to use the Arcade Property to plan their next casino heist, it's not worth forgetting that the business can be fairly profitable too. 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. Rockstar says it won't stop releasing new content for GTA Online any time soon, and the game's strong earnings have caused Take-Two to raise its financial outlook for the fiscal year. Earlier this year, it was revealed that GTA Online revenue touched $500 million through micro-transactions. The Hollywood Reporter is part of MRC Media and Info, a division of MRC. This is thanks to the continued updates of GTA Online, with major content updates like Diamond Heist keeping players engaged after so many years. Almost four years down the line, GTA V is still drawing big crowds. Rockstar Games To Donate Revenue From GTA Online And Red Dead Online To COVID-19 Relief Take-Two digs deep for community relief. Take-Two, the parent company of Rockstar Games and 2K, announced back in February that microtransaction spending in GTA Online grew by a whopping 54% during the quarter. Online purchases will start counting towards the donations as of April 1, continuing through to the end of May. © 1999-2020 Tweak Town Pty Ltd. All Rights Reserved. It's also ensuring the money keeps rolling in as the world awaits its next big release, Red Dead Redemption 2 (now expected in spring 2018). The distributor also used its latest results to drop some info about future game launches. These are however where Rockstar's main offices are located. Since then, it has become the highest-grossing media title of all time. The title (GTA Online) is absolutely being supported by the label. The majority of revenue over the period was generated by "recurrent consumer spending" — which includes in-game purchases and add-on content to existing titles — from titles such as Grand Theft Auto Online and Red Dead Redemption 2. 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. As a result of the strong showing over the quarter, Take-Two adjusted its projections for next quarter and the entire fiscal year. © 2020 Verizon Media. This announcement from Rockstar is the latest … Take-Two Interactive attributes GTA V's stellar 2019 performance to the Diamond Casino Resort update in GTA Online. Privacy | To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Should I buy DDR4 RAM or wait for DDR5 RAM, and is 3200MHz enough. © 1999-2020 Tweak Town Pty Ltd. All Rights Reserved.

By Olivia Harris on March 31, 2020 at 9:30PM PDT. Terms of Use | ALL RIGHTS RESERVED. That cash is filling up the safes at Take-Two Interactive. 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. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. 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 … Which GPU should I pick for a budget PC with limited upgrade options? Recurrent consumer spending accounted for 58 percent of total GAAP net revenue over the period. The funds will be used to help local communities and businesses who have been affected by the impact of COVID-19. Since then, it has become the highest-grossing media title of all time. Email news@gamespot.com.