TTWO has been one of the video game industry’s greatest success stories over the last decade. The company’s share price has risen roughly 1,500% over that time, and growth for its market capitalization has been even more impressive at nearly 2,100% across the stretch thanks to the added benefit of creating new shares. Much of that incredible performance stemmed from Grand Theft Auto V (GTA V), Take-Two’s most successful game ever — and also the single most profitable entertainment release in history, by some accounts.
Take-Two is set to launch an updated version of GTA V on Sony’s and Microsoft’s respective next-generation consoles, and it looks like the title still has plenty of kick in it. Releasing new content updates for Grand Theft Auto V’s online mode to keep players engaged and spending on in-game currency has been enormously profitable for Take-Two, and the debut on PlayStation 5 and Xbox Series X and S in late 2020 will help the company get even more longevity out of the record-breaking title.
With Take-Two readying what will likely be another highly profitable release of GTA V, and seeing high performance for other franchises including NBA 2K and Red Dead Redemption, the company has never looked stronger