Take-Two plans to bring in around $2.5 billion more than usual in 2024 and early 2025. 🤔
In its quarterly investor report today, Take-Two said that development of the next Grand Theft Auto game is"well underway.
Because corporate accounting is weird, Take-Two's 2025 fiscal year starts in April 2024, so the"groundbreaking" games we're talking about are scheduled to release sometime next year, or in early 2025 at the latest. Take-Two also said that these games will"set new standards" for the industry and propel the company to $8 billion in net bookings for the fiscal year, with that momentum continuing into the next one.
Take-Two recorded $5.3 billion in net bookings during the fiscal year that just concluded, and it expects the current fiscal year to deliver just a little more than that, so these big releases need to bring in over $2.5 billion in additional cash during the 2025 fiscal year.
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