In the financial report, Take-Two, among other things, shared updated figures on game sales.

Take-Two has published a report for the fiscal year ended March 31. She reported record revenue and announced that she was preparing to release a number of revolutionary games.

Take-Two Interactive decided to raise additional funds. She announced that she intends to sell $1 billion worth of bonds as part of a new public offering.

Take-Two Interactive may have made a new purchase. The network noticed that the subscription service GameClub, which specializes in retro mobile games, came under the control of the company.

The Saudi authorities continue to pay great attention to the gaming industry. Axios portal noticed that the country’s state funds invested money in three more companies.

Strauss Zelnick said in a conversation with investors that he is skeptical about the hype around AI. He does not believe that one day developers will be able to simply write neural networks “create a GTA competitor that will be better than GTA” and get a great game at the output.

Take-Two also reported on its finances. The company has released a report for the third fiscal quarter ended December 31, 2022.

In the financial report, Take-Two disclosed the sales of its games. In particular, she pointed out that the total circulation of GTA V exceeded 170 million copies sold. The company reported almost the same figure last quarter.

In her report, Take-Two told what the second quarter of fiscal 2023 was like for her (ended September 30).

It turns out that in addition to Small Giant Games, Zynga had another studio in the capital of Finland. She was involved in the development and operation of the last part of Farmville. Now the studio is being shut down (most of its employees have already been laid off), and its project has been transferred to Bangalore for support.

New York Playdots will stop working on March 31, 2023. According to the management of Take-Two, the decision to close the studio was not easy, but it had to be taken for economic reasons.

Strauss Zelnick believes that, in general, not all game franchises are suitable for mobile devices. In his opinion, so far only one company has managed to successfully transfer the franchise to smartphones — Activision Blizzard with its Call of Duty.

Strauss Zelnick said in an interview with TheWrap that this deal will benefit both Microsoft itself and the entire gaming industry.

Now the company must pay compensation in the amount of $3,750.

Analyst Bryan Kraft from Deutsche Bank studied Take-Two‘s latest financial report and stated that the company’s shares lack a “material catalyst” for growth.

During the presentation of the quarterly report, the head of Take-Two mentioned the next GTA. He confirmed that the development of the title is “in full swing” and assured investors that GTA VI will become a new benchmark for the gaming industry.

In the quarterly report, Take-Two told, among other things, about its games. The company boasted of sales of a number of franchises and mentioned the transfer of Marvel’s Midnight Suns.

Take-Two has released its first financial report after Zynga officially joined it. We are looking at how the first quarter of fiscal 2023 passed for the company.

The head of Take-Two mentioned this while communicating with GamesIndustry.biz . According to Zelnik, it is not financially profitable to release AAA games as part of subscriptions at the same time as the release. According to him, this is able to “turn the business upside down.”