Take Two beats FYQ4 expectations with $1.4B in bookings up 65%, maybe hints at GTA6

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Take-Two Interactive said its bookings grew 65% to $1.39 billion in the fourth fiscal quarter ended March 31 as catalog sales were stronger than expected.

And in move that will trigger speculation about the timing of Grand Theft Auto 6, the company also said that it expects a “new era” with several “groundbreaking titles that we believe will set new standards in our industry” in the fiscal year ending March 31, 2025.

For that year, Take-Two said it expects to hit more than $8 billion in net bookings and over $1 billion in adjusted unrestricted operating cash flow. By comparison, the company’s net bookings in the FY23 year just ended were $5.28 billion. Take-Two expects FY26 will be a bigger year than FY25.

What could trigger such a big year? Take-Two did not specifically say. But it’s no secret the company is working on Grand Theft Auto 6. Its predecessor Grand Theft Auto V has sold more than 180 million copies since 2013. Red Dead Redemption 2 has sold more than 53 million copies to date. The company said its goal is to be the most creative, the most innovative and the most efficient entertainment company in the world. It has about 12,000 employees now, with 9,000 of those in game development, thanks in no small part to its $12.7 billion acquisition of Zynga.

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Meanwhile, Take-Two’s outlook for the rest of the year are cautious, given the economic downturn. For the fiscal year ending March 31, 2024, Take-Two expects net bookings