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05-18-2023, 06:20 AM
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Publisher targeting an unprecedented $8 billion in revenueTake-Two Interactive, the parent publisher behind Rockstar Games and the Grand Theft Auto franchise, has announced that it is preparing for what it believed will be a record-shattering fiscal year 2025. The comments were made by CEO Strauss Zelnick in the company's newest financial report. (https://ir.take2games.com/static-files/9e9a8f12-cadf-4ae7-ab17-750309ddf95d)
"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," said Zelnick.
"In fiscal 2025, we expect to enter this new era by launching several groundbreaking titles that we believe will set new standards in our industry and enable us to achieve over $8 billion in net bookings and over $1 billion in adjusted unrestricted operating cash flow. We expect to sustain this momentum by delivering additional growth in our operating results in fiscal 2026 and beyond."
Considering the obscene amount of money referenced, as well as the supreme confidence delivered in the statement, one can only assume that the fiscal year 2024, (This period denotes the calendar year running from April 2024 to March 2025), will see the studio launch Grand Theft Auto VI (https://www.destructoid.com/rockstar-games-confirms-the-recent-gta-6-leak-publicly/), the latest release in a franchise that leaves almost every other gaming franchise in existence kicking in the dust when in comes to both immediate and long term revenue.
When pressed as to whether this number essentially guaranteed the release window for GTA VI, Zelnick was non-commital, but it seems almost impossible for the "industry standard setting" revenue of $8 billion to be reached without some sort of major, and that's major, release. Grand Theft Auto V, a title that is now a decade old, continues to move copies, and currently sits at the 180 million sales mark.
The post GTA publisher Take-Two expects fiscal year 2025 to ‘set new standards’ in the industry (https://www.destructoid.com/grand-theft-auto-vi-gta6-take-two-rockstar-earnings/) appeared first on Destructoid (https://www.destructoid.com).
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Publisher targeting an unprecedented $8 billion in revenueTake-Two Interactive, the parent publisher behind Rockstar Games and the Grand Theft Auto franchise, has announced that it is preparing for what it believed will be a record-shattering fiscal year 2025. The comments were made by CEO Strauss Zelnick in the company's newest financial report. (https://ir.take2games.com/static-files/9e9a8f12-cadf-4ae7-ab17-750309ddf95d)
"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," said Zelnick.
"In fiscal 2025, we expect to enter this new era by launching several groundbreaking titles that we believe will set new standards in our industry and enable us to achieve over $8 billion in net bookings and over $1 billion in adjusted unrestricted operating cash flow. We expect to sustain this momentum by delivering additional growth in our operating results in fiscal 2026 and beyond."
Considering the obscene amount of money referenced, as well as the supreme confidence delivered in the statement, one can only assume that the fiscal year 2024, (This period denotes the calendar year running from April 2024 to March 2025), will see the studio launch Grand Theft Auto VI (https://www.destructoid.com/rockstar-games-confirms-the-recent-gta-6-leak-publicly/), the latest release in a franchise that leaves almost every other gaming franchise in existence kicking in the dust when in comes to both immediate and long term revenue.
When pressed as to whether this number essentially guaranteed the release window for GTA VI, Zelnick was non-commital, but it seems almost impossible for the "industry standard setting" revenue of $8 billion to be reached without some sort of major, and that's major, release. Grand Theft Auto V, a title that is now a decade old, continues to move copies, and currently sits at the 180 million sales mark.
The post GTA publisher Take-Two expects fiscal year 2025 to ‘set new standards’ in the industry (https://www.destructoid.com/grand-theft-auto-vi-gta6-take-two-rockstar-earnings/) appeared first on Destructoid (https://www.destructoid.com).
More...