Highlights
- Grand Theft Auto 6 officially targeting ‘Fall 2025’ release window, exciting fans but upsetting shareholders.
- Take-Two Interactive reported $2.9 billion loss in Q4 2024, attributing a sharp stock decline to this.
- Expectations are high for Grand Theft Auto 6 release in Fall 2025, set to bring huge profits.
Yesterday afternoon, Take-Two Interactive held a new quarterly earnings conference for Q4 2024. There were numerous announcements during the conference, such as Grand Theft Auto 5 surpassing 200 million copies sold, while the franchise as a whole has sold 425 million copies.
But the biggest announcement to come from the conference was that Grand Theft Auto 6 is officially targeting a ‘Fall 2025’ release window. Previously, developer Rockstar Games had confirmed that the next Grand Theft Auto game would be released in 2025, but did not indicate as to when in the year it would be released.
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Rumours on a potential release date had been circulating since the release of the first trailer late last year. A previous earnings conference by Rockstar’s parent company Take-Two Interactive led many to believe that the highly-anticipated title would launch no later than March 2025, but the company has put these rumours to bed by confirming Grand Theft Auto 6 will now be released in the fall, which could range anywhere between September and December.
Shortly after the announcement that Grand Theft Auto 6 would not be released in early 2025 and rather closer to the end of the year, Take-Two Interactive’s stock prices took a pretty big nose dive. Rockstar news account VideoTechUK spotted the decline in stock price and put it down to “impatient shareholders” who were upset at the Fall 2025 release window.
However, others believe that the sharp decline in Take-Two Interactive’s stock price is more likely due to the company reporting a $2.9 billion loss for Q4 2024. Given that the company only lost £610 million in the same period last year (via Business Wire), this is a substantially larger loss for the company.
The company also expects billions less in net bookings for fiscal year 2025, as Rockstar Games gears up to release Grand Theft Auto 6, which is expected to be hugely profitable for both companies, in Fall 2025. But with one of the biggest gaming releases of all time now roughly one year away, we’re sure Take-Two Interactive is going to be juuuust fine.
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