GTA Trilogy remasters slip, mobile up to 10% of revenue in Take-Two earnings

 

The mobile launch of Grand Theft Auto: The Trilogy – The Definitive Edition is now coming at some point in FY23, according to a line in Take-Two’s latest financial results.

Take-Two-owned Rockstar originally announced back in October 2021 that the remastered bundle would be coming to mobile “in the first half of 2022”, but was listed as simply “Fiscal 2023” yesterday. 

Those earnings numbers in brief:

  • Q4 22 net revenues on mobile were $102m, 10% of the total $930m
  • Full year FY22 net revenues on mobile were $403m, 12% of the total $3.5bn
  • Top Eleven and Two Dots got a nod among the biggest FY22 revenue drivers 
  • Projected full year FY23 net bookings are expected to come in at $3.75-3.85bn

In the earnings call that followed, there were a few more interesting nuggets of info about the Take-Two mobile portfolio: 

  • NBA 2K Mobile downloads were up nearly 25% YOY
  • Top Eleven continues to “perform very well” and is Take-Two’s top mobile game
  • Two Dots posted “notable year-over-year growth” and its “best-ever net bookings” thanks to a live ops and marketing push
  • WWE Supercard passed 26m LTD downloads and remains the 2K label’s top grosser
  • Take-Two plans to launch 8 mobile games in FY23, made up of four new IPs and four existing franchises

CEO Strauss Zelnick also touched upon the challenges of the post-IDFA world in mobile, saying Zynga is in a unique position to ride that storm due to the huge player database and analytics it already has.

The company’s mobile arm, which already includes acquisitions Social Point, Playdots and Nordeus, will of course be boosted considerably once the Zynga deal goes through. Take-Two said it expects the deal to close on May 23.

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