Video game publisher Take-Two Interactive has announced that the highly anticipated Grand Theft Auto VI will be launched in fall 2025. The company has also lowered its bookings forecast, signaling potential challenges ahead. Fans of the popular franchise can now mark their calendars for the release of the next installment of the beloved game series.
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Take-Two Interactive Software recently announced a delay in the release of “Grand Theft Auto VI” to fall 2025, which led to a decrease in their fiscal 2025 bookings forecast. The highly-anticipated game is expected to generate billions in sales yearly, according to analysts. This news caused a 2.5% drop in Take-Two’s stock value in early Friday trading.
The company revised its fiscal 2025 bookings outlook to be between $5.55 billion and $5.65 billion, down from the previous estimate of over $7 billion. This adjustment follows similar disappointing forecasts from other gaming companies like Electronic Arts and Roblox. In an effort to cut costs, Take-Two recently laid off 5% of its workforce and canceled several projects in development.
Despite the setback, Take-Two remains optimistic about the future. They anticipate a boost in bookings starting in fiscal 2025, driven by the release of GTA VI and other upcoming titles, including those from their recent acquisition of Gearbox Entertainment, the maker of “Borderlands.”
Analysts predict that Gearbox could contribute significant revenue to Take-Two, with some estimating up to $400 million by fiscal year 2027. Take-Two CEO Strauss Zelnick expressed confidence in the company’s future success, stating their commitment to delivering growth in net bookings for the next few years.
With a pipeline of 40 titles through fiscal 2027 and 16 titles planned for fiscal 2025, Take-Two is poised for continued growth. Industry experts believe that the launch of GTA VI will drive substantial growth in GTA Online for Take-Two.
Despite a 3% decline in fourth-quarter bookings to $1.35 billion, Take-Two’s performance exceeded analysts’ expectations. The company’s focus on upcoming releases and strategic acquisitions sets the stage for future success in the gaming industry.
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1. When is GTA VI expected to be released?
GTA VI is set to launch in fall 2025.
2. Why did Take-Two lower its bookings forecast?
Take-Two lowered its bookings forecast due to factors affecting game development and Marketing.
3. Will GTA VI be available on all gaming platforms?
Yes, GTA VI is planned to be released on multiple gaming platforms.
4. What can fans expect from GTA VI in terms of gameplay and story?
Fans can expect an immersive open-world experience with a gripping storyline in GTA VI.
5. Are there any pre-order bonuses or special editions for GTA VI?
Details regarding pre-order bonuses and special editions for GTA VI have not been confirmed yet.
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