Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Take-Two videogame 'Red Dead' makes record opening weekend sales

Published 10/30/2018, 09:18 AM
Updated 10/30/2018, 09:30 AM
© Reuters.  Take-Two videogame 'Red Dead' makes record opening weekend sales

(Reuters) - "Red Dead Redemption 2," the highly awaited Western adventure videogame, made over $725 million in worldwide retail sales during its opening weekend, driving shares of game developer Take-Two 12 percent higher on Tuesday.

Take-Two's Rockstar Games studio, best known for "Grand Theft Auto," said its latest "Red Dead" title was the most pre-ordered full game ever on the PlayStation Network.

"Red Dead Redemption 2," which launched to rave reviews last week, is set in 1899 and follows Arthur Morgan and his gang of outlaws as they fight their way across America following a botched robbery.

The launch of "Red Dead," originally slated for the fall of 2017, has been delayed two times, and has hit Take-Two Interactive Software Inc's financial projections and stock price.

Take-Two shares were last up 11.9 percent at $125.05 in premarket trading on Tuesday.

"Rockstar has produced another massive entertainment hit, we're not surprised," said Mike Hickey, a financial analyst at Benchmark Co.

"Red Dead" has sold-in over 21 million units worldwide, including over 16 million units of its first installation, Take-Two said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.