- Take-Two Interactive expects to pull in $8 billion in net bookings during its fiscal year 2025, a period that ends in March 2025.
- Take-Two expects to generate $5.4 billion in net bookings this fiscal year.
- Comments from management suggest “high profile titles” will release in the 2024-2025 period, possibly referring to Grand Theft Auto 6.
- Take-Two says the company will enter a new phase of growth in FY 2025.
Take-Two Interactive expects groundbreaking revenue in the coming years, specifically during their fiscal year 2025 reporting period, a period that begins March 31st, 2024, and ends March 31st, 2025. This is according to the company’s most recent earnings report. Take-Two says it expects to earn $5.3 billion in net bookings this fiscal year, however, the company provided guidance of $8 billion during fiscal year 2025.
Comments made by company management suggest this growth in net bookings could be related to the upcoming release of Grand Theft Auto 6, with the company suggesting “high profile, long-awaited titles in our pipeline” will release in the fiscal year 2025, ushering in what Take-Two calls a new phase of growth for the company.
We also issued guidance for Fiscal 2024, which includes Net Bookings in the range of $5.45 to $5.55 billion. Our forecast reflects the challenging consumer backdrop, as well as an extension of the development timelines for several high-profile, long-awaited titles in our pipeline. We believe that we will enter our next phase of growth in Fiscal 2025, as we plan to deliver several groundbreaking titles that we anticipate will set new standards of quality and success.”
The company’s guidance summary, a document where the company discusses its projected revenue and financials for the next periods also states the following,
Fiscal 2025 is a highly anticipated year for our Company. For the last several years, we have been preparing our business to release an incredibly robust pipeline of projects that we believe will take our company to even greater levels of success.”
The company also reported that the Grand Theft Auto series has sold more than 400 million units, with GTA 5 selling over 180 million units since its release in 2013. The company is also developing at least 17 mainline AAA titles set to be released from now until fiscal year 2026. 52 titles in total will be released during this timeline, including mobile games from Zynga.
Over the past year, insiders and leakers have hinted at the long-awaited Grand Theft Auto 6 release sometime in 2024 or 2025, with an announcement at the end of this year. Documents from Microsoft’s legal fight over its planned acquisition of Activision Blizzard also suggest that GTA 6 will release in 2024. Early pre-alpha footage of GTA6 leaked earlier this year.
It is likely that GTA 6 could be announced sometime this year, as Rockstar tends to announce its flagship games one year before their initial release date (GTA 5 and RDR 2 were both delayed by a year, take that as you will). These comments from Take-Two management give more credibility to the rumors of a 2024 release and 2023 announcement.
In previous earnings calls, company management was hesitant to speak on any GTA 6 news or even hint at the game, often deflecting questions from wall street analysts. In prior earnings, it was rare for Take-Two to provide guidance years out. This earnings release seems to be the first where Take-Two acknowledges the existence of what could be GTA6.
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