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Take-Two’s CEO might have hinted during the company’s latest earnings call that Rockstar’s Grand Theft Auto 6 could launch next year, as Take-Two prepares for a profitable fiscal year 2025.
Projections made during Take-Two’s latest earnings call suggest that the company will make massive financial gains during its fiscal year 2025, which could be a hint that Grand Theft Auto 6 will launch on Xbox and other platforms as early as 2024.
Take-Two projections suggest annual net bookings of $8 billion in the fiscal year 2025
During Take-Two’s latest earnings call, CEO Strauss Zelnick looks to have hinted that GTA 6 could launch as early as 2024, as the company projects that it’ll see its annual net bookings rise to $8 billion during its fiscal year 2025.
“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 and enable us to deliver over $8 billion in Net Bookings and over $1 billion in Adjusted Unrestricted Operating Cash Flow. We expect to sustain this momentum with additional growth in operating performance in Fiscal 2026,” Zelnick says. “After numerous years of investment and creative development, we are excited about this next chapter for Take-Two. As we execute on our strategy and release what we expect will be an array of hit titles, we believe that we will grow our scale and margins, generating industry-leading returns for our shareholders.”
During its fiscal year 2023, Take-Two’s net bookings reached $5.3 billion, which is a 55% increase from the previous fiscal year’s $3.4 billion. That jump looks to be aided by the company’s acquisition of mobile powerhouse Zynga last May, and the company expects to see similar results throughout the next fiscal year. During its fiscal year 2025, though, Take-Two is projecting net bookings of over $8 billion due to launching “several groundbreaking titles” between May 2024 and May 2025. While the company has a robust portfolio of fantastic games, increasing its net bookings by almost $3 billion seems like it’ll be a tall order without the help of Rockstar’s highly anticipated GTA 6, so there is a chance we could see it launch as early as next year.
Do you think we’ll be playing GTA 6 before 2025? Drop a comment below and let us know!
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