Take-Two sees a surprising lift from GTA Online, reporting $540.4 million in revenues in June quarter

Posted byby Dean Takahashi
August 5, 2019
Updated June 18, 2025
3 min

Take-Two Interactive Software reported revenues today that beat analyst expectations for the first-fiscal quarter ended June 30. This means that revenues were surprisingly strong at a time when the video game publisher had no major releases.

This also means that ongoing stalwarts such as Grand Theft Auto Online and Grand Theft Auto V continue to prop up sales, even as the hot release of the fall, Red Dead Redemption 2, isn’t doing as well as might be expected. The company’s stock price fell 5% today after U.S. President Donald Trump called out video games for contributing to a culture that glorifies violence. But the stock has risen to $123.05 a share, up 6.7%, in after-hours trading.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.