Red Dead Redemption 2 has been pushed back to 2018

Alan Olson
May 24, 2017

Ever since the game's official announcement last October, fans have been on the edge of their seats waiting for official news, but this isn't what they had in mind. It's hard to say if these two events are directly connected however. Net income, meanwhile increased to $99.3 million, from $46.4 million in the corresponding period past year.

Taking a closer look at the report, Take-Two continues to make progress on its long-term initiatives.

"Red Dead Redemption 2 is now set to launch Spring 2018 on PlayStation 4 and Xbox One". Indeed, Grand Theft Auto V has now sold over 80m units, according to Take-Two, while Grand Theft Auto Online has had "another record year", Zelnick tells us, becoming the single-largest contributor to the company's RCS. RCS was also at its highest level ever, accounting for 50 per cent of Take-Two's digital net revenue, or 26 per cent of its total net revenue. That could include more scenarios on the potential story behind them, something that will maintain the hype as game developers buckle down to work.

"A delayed game is eventually good, but a rushed game is forever bad", Shigeru Miyamoto, co-representative director of Nintendo Co., Ltd (ADR) (OTC: NTDOY) once said when he delayed the launch of the Nintendo 64. As Zelnick explained it, even a light slate of releases shouldn't hold the company back from posting strong earnings and cash flow, and Take-Two intends to keep working on ways to increase user engagement and boost its recurring spending from consumers.

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Now more information has been supplied by Take-Two Interactive on the possible RDR2 release dates in 2018. On an adjusted basis, the figure drops to $407.1 million, but remains on top of the average estimate of analysts of $355.4 million.

As the below chart highlights, the recent stock gains for Take-Two have far outpaced revenue growth in the a year ago or so.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.

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