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Gamasutra - In-game spending on Take-Two games jumped 15 percent during Q1 2022

); } Take-Two’s quarterly earnings report today landed with good news for the company. Along with the announcement that GAAP net revenue did decrease slightly year-over-year—dropping two percent from $831.3 million to $813.3 million. But buried in that drop is an interesting data point: Take-Two has seen a 15 percent year-over-year increase in in-game spending (dubbed “recurrent consumer spending” in its report), as more players spend money on virtual currency, add-on content, and othe...
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Take-Two's Zelnick says the industry's pandemic boost is permanent

Speaking with GamesIndustry.biz this week, Take-Two chairman and CEO Strauss Zelnick goes into a little more detail about what that meant. "Interactive entertainment is now the number one entertainment vertical in terms of revenue, and I guess people still dont fully realize that," Zelnick says. "And a good deal of that growth was driven by people either discovering or rediscovering interactive entertainment and its social aspects during the pandemic. And what weve found is that while certain ...
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Take-Two Interactive (TTWO) Q4 2021 Earnings Call Transcript

Operator Greetings, and welcome to the Take-Two fourth-quarter fiscal-year 2021 earnings call. [Operator instructions] Please note this conference is being recorded. I will now turn the conference over to your host, Nicole Shevins, senior vice president of IR and corporate communications. You may begin. Nicole Shevins -- Senior Vice President of Investor Relations and Corporate Communications Good afternoon. Thank you for joining our conference call to discuss our results for the fourth-quarte...
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Source: fool.com

Game Taco Acquires Skill-Game Pioneer WorldWinner From GSN Games

Share this article Share this article SAUSALITO, Calif., May 17, 2021 /PRNewswire/ -- Backed by Platinum Equity and media executive David Nathanson, Game Taco, a premier skill-based mobile platform that enables gamers to compete for fun and cash prizes, has entered into an agreement to acquire WorldWinner, a pioneer in skill-based offerings, it was announced today. WorldWinner is part of GSN Games, a division of Game Show Network, which is wholly owned by Sony Pictures Entertainment. Under Plat...
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