Popular titles from Electronic Arts-owned 'FIFA' to Activision Blizzard's 'Call of Duty' are propping up sales for U.S. videogame publishers in a turbulent economy, quelling concerns that a looming recession may impede growth.Take-Two Interactive Software Inc on Wednesday rounded off a strong March quarte
Popular titles from Electronic Arts-owned"FIFA" to Activision Blizzard's"Call of Duty" are propping up sales for U.S. videogame publishers in a turbulent economy, quelling concerns that a looming recession may impede growth.
"While consumers continue to exercise restraint with their purchasing behaviors, they prioritize blockbuster franchises and titles that offered great value," Take-Two CEO Strauss Zelnick said on an earnings call.The company said"NBA 2K23","Grand Theft Auto V" and"Grand Theft Auto Online" were some of the top contributors to its net bookings growth in the reported quarter.
The rise of multi-player gameplay is also making titles more sticky for players who do not want to lose their achievements and social connections, he added.
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