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Grand Theft Auto VI Anticipated Release Fuels Take-Two’s Projected Profit Boom

  • Culture.org
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  • June 1, 2023
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  • 3 minute read
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Grand Theft Auto VI Anticipated Release Fuels Take-Two’s Projected Profit Boom
Key Takeaways
  • Take-Two Interactive, the parent company of Rockstar Games, has projected a significant surge in profits for its 2025 fiscal year, leading to speculation that Grand Theft Auto VI (GTA VI) may be released by 2024.
  • The company anticipates over $8 billion in net bookings and over $1 billion in Adjusted Unrestricted Operating Cash Flow for the fiscal year 2025, indicating a substantial increase from previous years.
  • Take-Two's previous financial success was partly driven by its acquisition of Zynga, but the projected figures for 2024 suggest a major event on the horizon that could surpass the impact of the acquisition.
  • Speculation in the tech and gaming community suggests that the optimistic projections may be tied to the release of GTA VI, the highly anticipated sequel to Grand Theft Auto V, which is known for its record-breaking sales.
  • Take-Two has not confirmed whether the projected profits are specifically linked to upcoming game releases or the continued success of existing titles and in-game purchases.
  • While there has been no official announcement or confirmation from Take-Two regarding the release of GTA VI in 2024, it is known that Rockstar Games has been working on the game. Leaks suggest it may be set in Florida.
  • Take-Two's optimistic projections and evasive comments have led to speculation about the potential release of GTA VI, indicating that the company expects a major game-changer capable of driving unprecedented success.

 

Take-Two Interactive, the parent company of the acclaimed video game publisher Rockstar Games, has forecasted a stellar surge in profits for its 2025 fiscal year, fueling speculation that the highly anticipated game Grand Theft Auto VI (GTA VI) could hit the markets by 2024.

The financial year 2025 for Take-Two begins in April 2024. The company expects a colossal increase in sales, projecting over $8 billion in net bookings and over $1 billion in Adjusted Unrestricted Operating Cash Flow.

This revenue momentum is anticipated to carry forward into fiscal 2026. These financial projections mark a remarkable leap from the previous fiscal year’s net bookings, which amounted to just over $5 billion.

The GTA franchise has a proven track record for generating considerable revenue, making it a plausible source of the expected financial windfall.

A Potential Blockbuster in the Making

Take-Two’s previous record-breaking financial performance was propelled by its acquisition of Zynga, the mobile gaming titan, in 2022 for a whopping $12 billion.

Without Zynga’s contribution, Take-Two’s net bookings generally lingered around the $3 billion mark.

Such substantial projected figures for 2024 imply a significant event on the horizon that could exceed the financial implications of their previous substantial acquisition.

The tech and gaming community has therefore surmised that these optimistic projections could be hinting towards the launch of Grand Theft Auto VI, the much-anticipated sequel to Grand Theft Auto V, which is one of the best-selling games in history.

The GTA franchise has a proven track record for generating considerable revenue, making it a plausible source of the expected financial windfall.

Will Take-Two Unveil GTA VI in 2024?

In spite of the swirling speculations, Take-Two has remained coy on the source of the projected profit increase. During the earnings call, Take-Two’s CFO, Lainie Goldstein, refrained from confirming whether the forecasted figures were based on sales from upcoming games or the continued success of existing titles and in-game purchases. CEO Strauss Zelnick also steered clear of offering explicit details about the company’s robust predictions for the coming years.

He did, however, express confidence in the company’s ability to deliver on its forthcoming plans within the next three years. There has been no explicit announcement or confirmation from Take-Two about the release of GTA VI in 2024. It is known that Rockstar Games has been developing the next GTA installment, which was confirmed last year.

Subsequent leaks have suggested that the game is likely set in Florida, yet there has been no official release date disclosed so far. Take-Two’s seemingly optimistic projections coupled with its evasive comments have left the gaming world speculating.

Is the gaming giant gearing up for the release of GTA VI in 2024? While this remains uncertain, it is evident that the company expects a major game-changer in the pipeline capable of catapulting it to unprecedented heights of success.

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