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'); } 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 other in-game purchases. That’s a steady boost in activity for a company that’s seen rising revenue...

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 don't 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 we've found is that while certain trends should be expected to moderate, that shift is permanent." A key part of why Take-Two believ...

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-quarter and fiscal-year 2021 ended March 31, 2021. Today's call will be led by Strauss Zelnick, Take-Two's...

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 Platinum Equity's new controlling interest, Game Taco and WorldWinner will combine to create a leading p...