Take-Two Interactive Software (TTWO), the publisher behind the iconic “Grand Theft Auto” franchise, is banking on the upcoming “GTA VI” to drive significant bookings growth in the next two fiscal years. The company recently narrowed the release window for “GTA VI” to fall 2025, and expects net bookings to increase thanks to the highly anticipated title.
Analysts believe “GTA VI” will be a major contributor to the company’s future success. The franchise’s enduring popularity is evident in the success of “GTA V,” which has sold over 200 million units globally, highlighting its enduring popularity.
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While Take-Two forecasted lower-than-expected bookings for the second quarter due to declining in-game spending on live-service titles, the company’s long-term outlook remains positive. Take-Two also boasts a robust development pipeline with around 40 titles planned through fiscal 2027, offering additional potential for growth.
Despite challenges in the current quarter, the company remains optimistic about its long-term prospects, with “GTA VI” serving as a key driver of its strategic plan.