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GTA 6 may not release until March 2025, suggests Take Two Revenue forecasts

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GTA 6 may not release until March 2025, suggests Take Two Revenue forecasts

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take two Interactive Software forecast fourth-quarter bookings below market expectations and cut its annual estimate on Thursday, signaling weak demand for its gaming titles. NBA 2Ksending its shares plunging 10 percent after the bell.

Low consumer spending and stiff competition from players like Electronic Arts and owned by Microsoft Activation Blizzard Video game publishers are hurting.

Tech2 forecasts fourth-quarter bookings of $1.27 billion (roughly Rs. 10,542 crore) to $1.32 billion (roughly Rs. 10,957 crore), compared to analysts’ expectations of $1.51 billion (roughly Rs. 12,534 crore). LSEG data.

It also lowered its estimate for full-year bookings to $5.45 billion (roughly Rs. 45,239 crore) to $5.55 billion from $5.25 billion (roughly Rs. 43,578 crore) to $5.30 billion (roughly Rs. 43,993 crore). (Rs. 46,069 crore approximately).

“The forecast cut is almost entirely attributable to a change in play outside the fiscal year, so there will be no real impact on the company’s long-term prospects,” said Wedbush Securities analyst Michael Pector.

But the company’s latest estimate for fiscal 2025 is “slightly above $7 billion (roughly Rs. 58,105 crore) for netbooking,” down from its previous year’s low of $8 billion (roughly Rs. 66,406 crore). Investors’ hopes were dashed after the revised forecast.

They were expecting an increase from Take Two. Grand Theft Auto VIthe latest installment in the best-selling franchise set for a 2025 release.

“The decline in outlook tells you that it (Grand Theft Auto VI) is not coming out next fiscal year,” Pechter added.

Third Quarter Hit

Take2’s net bookings fell 3 percent to $1.34 billion (roughly Rs 11,122 crore) in the third quarter, according to analyst estimates.

Like solid sports performance GTA Online And Red Dead Redemption According to Take Two CEO Strauss Zelnick, the series was partially offset by soft mobile advertising and NBA 2K sales.

On an adjusted basis, the company earned 71 cents per share, compared with estimates of 72 cents.

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