Old Grumpy Gamers

17 May 2022: Take2 Earnings Report

YOU WERE WARNED, DAMMIT. Don’t expect #GTA6 any time soon. Great news for investors, but bad news for players with #GTAPlus subscriptions outperforming expectations :( I’m not mad, I’m just disappointed.
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#GTA5 #GTAV #grandtheftauto #gtacommunity #grandtheftauto5 #gtav #gtafive #gaming #gtajunkies #gtawins #gtaxbox #gtaps4 #gtapc #gta05 #gta0 #oldgrumpygamers #gta5 #gtav #gtafive #gtacommunity #gtamc #gtamods #gta5mods #gtamoney #gtacrew #gtao #gtavsnaps #gtalife #gta5shooter #gtavcars

Know any neat mods we could use to do a bit more exploration in Lost Santos, or North Yankton? Leave your suggestions in the comments.

hi in this video we’re going through a couple of key takeaways from the
take two interactive earnings call from monday may 16 2022
hi and welcome back my name’s dan and i’m an old grumpy gamer well it’s certainly been a big year
for rockstar take two and gta after listening to the investors call yesterday i’d like to go
through a couple of quick points and key takeaways firstly take two’s end-of-year earnings came in at
around 3.4 billion across all their properties they didn’t say what percentage was from gta 5
gta plus or shark card sales but they did say that 30 of next year’s earnings are expected to
be from rockstar interactive next it looks like take two’s acquisition of hated mobile provider
zinker games responsible for farmville a bunch of gambling games and a number of candy games is
going ahead as planned and may even be completed as early as next week and red dead redemption 2
performed better than expected last quarter so hopefully that means some more dev resource going
forward in addition the borderlands spin-off tiny tina wonderlands did very well so maybe
things are looking up there too onto gta though because i know that’s really why you’re here so
apparently the launch of gta onto next-gen consoles went way better than expected
as far as sales are concerned remembering that on an investors call they don’t really care about pr
or actual execution they only look at sales and revenue the last round of releases to next gen
took the overall sales of gta 5 up to 166 million units since its release in addition sales of gta
plus have been going very well apparently even better than expected as a result take two will
be looking into this model across their other properties between this and the battle pass
system in wonderland i strongly suspect we’ll see some more subscription-based services going
forward quoting from strauss zeldick ceo of take two yes we haven’t given any news about broadening
the subscription offering we’re thrilled about how it’s been rolled out so far we’re thrilled
with the conversion rate and it’s clear that consumers really like the opportunity to engage
with gta online and they value what we’re offering through a subscription and with regard to ongoing
content updates rockstar has said there’s more content coming and we’re excited about that and
personally i find that really disappointing every youtuber every speedrunner every influencer i’ve
seen ask the community not to purchase gta plus but lots of people have done it anyway
no and the highest sales volume means we’ve proven to rockstar that this will work the next thing to
note was an expected dialing back of dev resource for gta online over the next quarter paired with
the addition of a thousand new devs to take too stable some are reading this as a positive sign
for gta 6 but as a software engineer i might have a little insight the vast majority of those 1 000
new developers have been added to take two stables through acquisitions and mergers that means
they’ll work with existing software development houses on existing games or property as the
industry calls them so the vast vast majority of those devs will keep plugging on whatever they’re
doing and won’t go near any rockstar games the second part about reducing dev resource to gta
online is expected with the rollout of the so-called expanded and enhanced edition on
next-gen consoles rockstar would have needed a lot of additional code written for the new platforms
now that’s out they just need to maintain the code base which is significantly easier so the
reduction in the number of devs working on gta 5 online is not a sign of gta 6 ramp up it’s just
business as usual finally in the q a section zilnick was asked a roundabout question on
gta 6 and responded with and i quote so rockstar hasn’t talked about any details at all on the next
generation of grand theft auto so there’s more information to come but i have no doubt that when
the moment comes and there is another iteration we will be releasing it to a very robust market
the wording in that response is very deliberate you’ll note he never said anything about gta 6
just the next iteration of the game couple this with no mention of gta 6 on the projected revenue
roadmap which has projections through to 2025 and i think that means that we’ll be waiting till at
least q1 2026 for a release but it could be rock rockstar might announce the game and release it in
2024. they’ve done stuff like that before so it’s possible i’m going with extremely unlikely though
and that’s it for today’s update guys there’s tons of other stuff the call went through but
nothing particularly pertinent to this channel so i’ll leave it there and that’s it thanks
for watching check out the video at the top four other updates or the one down the bottom for some
more old grumpy game of goodness stay safe wash your hands and we’ll see you in the next video

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