Grand Theft Auto publisher says ‘groundbreaking games’ will drive a big jump in its sales next fiscal year
Take-Two CEO Strauss Zelnick believes these titles “will set new standards in our industry”
Rockstar owner Take-Two is forecasting a sharp jump in sales during its next fiscal year, driven by the release of “several groundbreaking titles”.
For its current fiscal year ending on March 31, 2024, the company is expecting net bookings in the range of $5.45 to $5.55 billion – up from $5.28 billion last year.
But for its next year, which runs from April 2024 to March 2025, net bookings are expected to jump to over $8 billion.
“Looking at fiscal 2025, it’s a highly anticipated year for our company,” said Take-Two CEO Strauss Zelnick. “For the last several years, we have been preparing our business to release an incredibly robust pipeline of projects that we believe will take our company to even greater levels of success.
“In fiscal 2025, we expect to enter this new era by launching several groundbreaking titles that we believe will set new standards in our industry and enable us to achieve over $8 billion in net bookings and over $1 billion in adjusted unrestricted operating cashflow.
“We expect to sustain this momentum by delivering even higher levels of operating results in fiscal 2026 and beyond.”
In an interview with GamesIndustry.biz, Zelnick was non-committal when asked whether the $8 billion target could be reached without the release of Grand Theft Auto 6.
“We’re not talking about specific titles,” he said. “We believe it’s highly achievable. As you know, it’s exceedingly rare that we talk about out years. And when we do, it’s because we have a high degree of confidence.
“It’s a reflection of a pipeline we’ve been investing in for years. We’re beginning to see that come to fruition in fiscal 24, and then in fiscal 25, we expect to see some great successes.”
Take-Two said on Wednesday that Grand Theft Auto 5 had shipped 180 million units as of March 2023, up from 175 million three months earlier.