Take-Two’s recent earnings report contains minimal direct information about Grand Theft Auto 6, only stating that active development is “well underway” on the game—the same phrase used by Rockstar when it announced the game over a year ago. However, CEO Strauss Zelnick has hinted at the release of a significant title during the 2025 fiscal year, which is likely to be the highly anticipated GTA sequel.
Quick Facts
- Take-Two’s earnings report suggests GTA 6 will not be released within the 2024 fiscal year, but hints at a major release in the 2025 fiscal year, which could be the GTA sequel.
- Until the release of GTA 6, Take-Two’s focus will be on maximizing the value of its existing games through a live-service model, including season passes, DLC packs, and free-to-play titles for consoles.
- Take-Two’s acquisition of Zynga in 2022 has led to a renewed focus on mobile games, with plans to bring some of its biggest titles to mobile and select mobile titles to console and PC.
According to Take-Two’s financial forecasts, the company does not expect GTA 6 to be released within the 2024 fiscal year, which ends on March 31, 2024. Zelnick instead hinted at a “significant inflection point” in the 2025 fiscal year, which runs from April 2024 to March 2025, and is expected to include “new record levels of operating performance.” This inflection point likely refers to the release of Grand Theft Auto 6, as it is currently one of the most highly anticipated games in development.
In the meantime, Take-Two appears to be focusing on extracting more value from its existing games, having seen higher-than-expected profits from live-service games such as Grand Theft Auto Online and NBA 2K23. The company’s ongoing strategy relies heavily on a live-service model, which includes developing “season passes and DLC packs” for key titles, preparing a “post-launch monetization plan” for each new release, and even launching select free-to-play titles for consoles.
The 2022 acquisition of Zynga by Take-Two is also evident in the report, as it highlights a renewed focus on mobile gaming. The report reemphasizes Take-Two’s interest in bringing some of its biggest titles to mobile platforms and porting select mobile titles to console and PC.
Although the report mentions other upcoming projects from Take-Two’s various divisions, such as collaborations with Weta Workshop and Pokemon developer Game Freak, no new release dates have been disclosed in the investor report. Take-Two states that release dates for fiscal years 2025 and 2026 will be provided in its Q4 2024 report, meaning further details are still some time away. It is hoped that more information about GTA 6 will be shared directly by Rockstar before then.
