Monday, May 29, 2023

Take-Two Projects Makes Record Profits Thanks to “Innovative Games”

Here is my. Take-Two Interactive, Rockstar’s parent company, published an ambitious press release today, the content of which lends itself to thought, nothing more than the impending release of GTA 6, which is The Legend of Zelda: After Tears of the Kingdom can already be classified as the most anticipated game for the future, for the industry.

To understand where the expectations are coming from, you have to dive into the numbers for Take-Two Interactive, a publisher that had $3.4 billion in net income last fiscal year. Well, by fiscal year 2025, the company hopes to reach $8 billion, thanks to revolutionary new games, the identity of which is still a mystery.

“Looking ahead, fiscal year 2025 is a highly anticipated year for our company. (…) Over the past several years, we have been preparing our business to launch an incredibly strong pipeline of projects, which we believe will take our company to levels of even greater success. In FY 2025, we look forward to ushering in this new era by launching several new titles that we believe will break new ground in our industry. set the standard and enable us to achieve more than $8 billion in net revenue and more than $1 billion in EBITDA of adjusted unrestricted operating cash, we look forward to maintaining this momentum by delivering high levels of operating results in fiscal 2026 and beyond. look forward for.”

It should be noted that Take-Two Interactive now also includes Zynga’s earnings on its balance sheet, but even then you don’t get such ridiculous figures. The mobile game publisher had a net revenue of $2.5 billion last year. Even if we add up the profits of both companies, we arrive at no more than $8 billion, which certainly lends to wondering about a release of historic proportions, and what else GTA 6 could be worth.

That said, it’s also worth noting that FY2025 means different things to different countries. In the United States, fiscal year 2025 runs from October 2024 to September 2025; While in the UK it runs from April 2024 to March 2025. In any case, there’s a possibility that GTA 6 will kick off next year’s high season, and that lines up with speculations from people with insider knowledge about it. For context, the last 2 big Rockstar releases, GTA 5 and Red Dead Redemption 2 debuted in the months of September and October respectively.

What do we really know about GTA 6?

According to reliable informants as well as leaked information, today we know that GTA 6 will return to Vice City and introduce a couple made up of a Caucasian man and Latina woman based on the Bonnie and Clyde story.

There are reports that suggest that the game will implement new AI technology for NPCs as well as new graphics technology for water. GTA 6 is expected to be announced during the second half of this year, and release no later than 2025.

Nation World News Desk
Nation World News Desk
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