Take-Two Hints At Late 2024 Or Early 2025 Release For GTA 6
The latest earnings report for Take Two has very little mention of GTA 6, but CEO Strauss Zelnick hinted at a "significant inflection point" in fiscal year 2025 that is likely to be a major release.
Take-Two's latest earnings report only has the barest direct mention of Grand Theft Auto 6, which says that active development is "well underway" on GTA 6--the same wording Rockstar used when it announced the game over a year ago. CEO Strauss Zelnick has dropped a hint that the company will be releasing something major in the 2025 fiscal year, however, which seems likely to be the highly anticipated GTA sequel.
It's clear from Take Two's forecasting that GTA 6 won't be released within the 2024 fiscal year, which ends on March 31 2024--though it was already unlikely that we would see the game that early. Take-Two CEO Strauss Zelnick instead hinted that the 2025 fiscal year, which runs from April 2024 to March 2025, would have a "a significant inflection point...which we believe will include new record levels of operating performance." It's highly likely that the inflection point refers to Grand Theft Auto 6's release, as one of the most-anticipated games currently known to be in production.
Until then, Take-Two's focus appears to be on getting more value out of its existing games, after seeing higher-than-expected profits out of its live-service games including Grand Theft Auto Online and NBA 2K23. Its continuing strategy hinges strongly on a live-service model, including developing "season passes and DLC packs" for key titles, preparing a "post-launch monetization plan" for each new title that's released, and even releasing select free-to-play titles for consoles.
The influence of Take Two's 2022 acquisition of Zynga is also evident in the report, with a renewed focus on mobile games. The report reiterates Take Two's interest in bringing some of its biggest titles to mobile, as well as bringing select mobile titles to console and PC.
While the report mentions other upcoming projects from Take-Two's various divisions, including collaborations with Weta Workshop and Pokemon developer Game Freak, no new release dates have been revealed in the investor report. Take-Two notes that release dates for fiscal years 2025 and 2026 will be given with its Q4 2024 report, meaning we still have a while to wait for any more details. Hopefully we'll hear more about GTA 6 directly from Rockstar before then.
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