In September, it will mark a decade since Grand Theft Auto V was first released on PlayStation 3 and Xbox 360, generating a significant number of fans who are excitedly awaiting the release of GTA VI, the next game in this highly popular open world series.
Rockstar Games officially confirmed the development of GTA VI in February 2022, stating that it was progressing well. This announcement has further fueled the anticipation surrounding the next installment of this immensely successful gaming franchise.
A month ago, industry experts made predictions about the potential release of GTA VI during the fiscal year 2024, spanning from April 2023 to March 2024. These predictions were based on Take-Two’s projected net bookings of $9 billion for that fiscal year.
However, the latest earnings report and conference call held yesterday for Q4 2023 have provided a clearer picture of the situation. Take-Two disclosed net bookings of $5.28 billion, representing a 55% increase compared to the previous year. This impressive growth was primarily driven by the strong performance of GTA V, GTA Online, Red Dead Redemption 2, and Zynga’s mobile portfolio, which collectively contributed $1.4 billion in revenue.
What’s even more intriguing is that Take-Two has unveiled revised projections for the upcoming three fiscal years. The company now anticipates net bookings of $5.45 billion to $5.55 billion for fiscal year 2024, which is a decrease from the earlier forecast of $9 billion. Additionally, by examining the lineup of titles planned for the next fiscal year, including Star Wars: Hunters, it becomes evident that GTA VI will not be included. This strongly indicates a delay in its release, potentially pushing it to fiscal year 2025.
Take-Two is displaying a strong sense of optimism for the fiscal year spanning from April 2024 to March 2025, projecting net bookings of over $8 billion. CEO Strauss Zelnick openly expressed excitement for this period, referring to it as a “highly anticipated year” where the company plans to introduce several “groundbreaking” titles that will establish “new industry standards.” These remarks strongly suggest the possibility of a new Grand Theft Auto game being included in their plans.
During the investors call, multiple analysts attempted to extract information from Take-Two executives regarding the games slated for release in fiscal year 2025, but they remained tight-lipped and did not disclose any details.
It is important to mention that Take-Two has projected an even more substantial fiscal year in 2026. This can be attributed to the potential ongoing revenue generated by GTA VI, including its highly anticipated online mode, as well as the possibility of the new BioShock game currently being developed by Cloud Chamber. The announcement for the BioShock game was made in late 2019, with the developers indicating that the project would continue for several more years. Considering this timeline, a launch sometime in the calendar year 2025 appears to be quite likely. This release could have a significant impact on Take-Two’s net bookings, as few other intellectual properties in their portfolio have the potential for such a large influence.
Regarding GTA VI, the only credible rumor available at this point suggests that the game will feature two playable protagonists—a male character and a Latina female character, which is a first for the series. These characters are said to be inspired by the real-life bank robbers Bonnie and Clyde.