Take-Two: Up To $3.24 Billion Revenue Despite GTA V’s Next-Gen Delay

We have all heard that the next-gen versions of Grand Theft Auto 5 and GTA Online have been postponed. The games will only be making their entry to PS5 and Xbox Series X/S in 2022; as opposed to the announcement that they would be featured in these consoles at some point in 2021. In light of the delay, PS players have a compensatory offer. Gamers who log in to GTA online each month will receive 1 million USD in-game for each month that the new versions do not release.

Even with the delay, Take-Two, the parent company of Rockstar Games, is not worried about the revenue they will be pulling in. They still expect that they will receive their current financial targets despite the delay. Their own forecast for the 2021-22 financial year is that they will be generating around 3.14 billion USD to 3.24 billion USD. Furthermore, they also predict an income of 259 million USD to 299 million USD.

Take-Two are of the belief that other games such as NBA 2K22 will cover the sales that the open-world action-adventure game would have brought.

“Despite this change, the Company is reaffirming its prior guidance for the fiscal year, driven by continued strong engagement trends in its existing games, as well as the planned release of new games from its pipeline during the balance of its fiscal year.”
Take-Two

With the release of GTA V slated for March 2022, Take-Two is going to have a busy month. Many other titles are also scheduled to release at the same time. Marvel’s Midnight Sun, WWE 2K22, and Tiny Tina’s Wonderland are some of the other games that will be releasing. They will be alongside the next-gen console versions of GTA V and GTA Online.

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