Take-Two revenue flat year-on-year, firm names GTA 6 release window
US publishing giant Take-Two made $5.35 billion in revenue for the year ending March 31st, 2024.
The company's release to investors shows that this is flat year-on-year, while total net bookings rose just one per cent to $5.33 billion for the year. Take-Two's net loss also swelled from $1.12 billion last year to $3.74 billion.
The company's CEO and chair, Strauss Zelnick, also confirmed that the eagerly awaited Grand Theft Auto 6 would finally be coming out in autumn of 2025.
"As we enter Fiscal 2025 with positive momentum, we expect to deliver Net Bookings of $5.55 to $5.65 billion," the exec said.
"Our outlook reflects a narrowing of Rockstar Games' previously established window of Calendar 2025 to Fall of Calendar 2025 for Grand Theft Auto VI. We are highly confident that Rockstar Games will deliver an unparalleled entertainment experience, and our expectations for the commercial impact of the title continue to increase. Looking ahead, we believe that our Company is poised to achieve new levels of success, and we expect to deliver sequential growth in Net Bookings for Fiscal 2025, 2026, and 2027. As we deliver our pipeline, we are confident that we will drive our scale, enhance our margins, and deliver industry-leading returns for our shareholders."
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