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Take-Two Boasts ‘Strongest Development Pipeline in Its History’ While GTAV Surpasses 115M Sold-In Units

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Take-Two (NASDAQ:TTWO) had a strong quarter once again, significantly exceeding expectations in Q2 2020 thanks to several titles performing above and beyond. CEO Strauss Zelnick also said that the company is 'exceedingly well-positioned' going forward, having the strongest development pipeline in its history between major sequels and exciting new IPs.

Back to last quarter's performance, Grand Theft Auto V continues to be the company's proverbial golden goose, having now surpassed 115 million units (sold-in), while the GTA Online mode has delivered record player engagement (daily, weekly and monthly in July and then August) after the release of the Diamond Casino & Resort update. Rockstar's other major title, Red Dead Redemption 2, is another major driver as it is now approaching 26.5 million units sold-in globally, and those figures are surely going further up with the newly launched PC version of the game.

Take-Two Interactive Has Filed a Lawsuit Against Team That Reversed Engineered Grand Theft Auto 3, Vice City

Take-Two also enjoyed a strong performance from 2K in this quarter, mainly thanks to Borderlands 3, which became the fastest-selling title in the label's history a while ago. The game has now almost reached 7 million sold-in units.

Last but not least, NBA 2K20 is the best-selling game of 2019 to date in the United States, having had the highest launch month sales of any sports game in history. NBA 2K20 has sold-in almost 6 million units to date.

Furthermore, the first Private Division titles (not counting Kerbal Space Program: Enhanced Edition) were released in this quarter. The Outer Worlds, as mentioned in another post, is 'handily surpassing' Take-Two expectations so far, though the publisher wouldn't provide actual figures yet.

The other Private Division title is Ancestors: Humankind Odyssey However, the executives did not comment on the title's performance. It launched on PC as an Epic Games store exclusive in August with a not-so-great reception (our review included) and is set to debut on PlayStation 4 and Xbox One next month; we've got a fresh exclusive interview with creator Patrice Dèsilets (known as the father of Assassin's Creed), where he discussed what's next for Panache Digital.

The author has no position in any of the stocks mentioned. WCCF TECH INC has a disclosure and ethics policy.
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