GTA V's delay won't affect Take-Two's $3.14 billion earnings forecast

Grand Theft Auto V's significant 5-month delay hasn't affected Take-Two Interactive's current $3 billion forecast for FY22.

@DeekeTweak
Published Tue, Sep 14 2021 12:34 PM CDT

Take-Two Interactive hasn't downwardly adjusted its earnings forecast to reflect the recent GTA V delay.

GTA V's delay won't affect Take-Two's $3.14 billion earnings forecast 2122 | TweakTown.com

Grand Theft Auto V's delay from November 2021 to March 2022 on PS5 and Xbox Series X won't affect Take-Two's current earnings forecast. The company currently expects to make $3.14 billion - $3.24 billion in revenues during the Fiscal Year 2022 period. Based on this, it's possible Take-Two and Rockstar knew about the GTA V delay as early as May when the forecast was established, or that Take-Two chose not to include potential GTA V next-gen sales in its projections.

"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 wrote on its website.

When GTA V releases in March will determine whether or not it's included in Take-Two's FY22 earnings, which ends on March 31, 2022. Take-Two says this delay was to ensure the game is polished and ready for its release on next-gen hardware.

The GTA parent company plans to ship 21 games in FY2022 (now until March 31, 2022). Here's the breakdown:

  • 4 immersive core releases to purchase--two titles from new franchises two from existing titles.
  • 1 indie game
  • 10 free-to-play mobile games
  • 6 new iterations of previously available titles
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NEWS SOURCE:ir.take2games.com

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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