Analysts: GTA 6 to release by 2024 and help earn $9 billion

Two high-profile games industry securities analysts echo our predictions: Grand Theft Auto 6 could launch by March 31, 2024.

Published Jan 13, 2022 2:05 PM CST   |   Updated Wed, Feb 9 2022 12:02 AM CST
1 minute & 26 seconds read time

Multiple video game market securities analysts predict Grand Theft Auto VI could release by 2024.

Analysts: GTA 6 to release by 2024 and help earn  billion 33 |

With the help of Zynga, Take-Two Interactive plans to deliver record bookings in FY2024. The company, which will soon merge with Zynga in a huge $12.7 billion deal, plans to achieve a compound annual growth rate (CAGR) of 14% in the three-year period between FY21 and FY24. This implies $9 billion in net bookings for FY24. For perspective, it took Take-Two five years to hit its current 17% CAGR from FY17 to FY21.

It's believed that GTA 6 will be the main driver for these earnings, at least on Take-Two's part. Zynga's contributions will be from a litany of mobile titles. Two securities analysts have seemingly corroborated predictions that I made back in May 2021 surrounding GTA 6's release--the hugely anticipated Grand Theft Auto 6 could release by March 31, 2024.

"There are only a handful of titles that can provide management with the confidence to put out such a strong guidance; we believe there is at least one Rockstar IP set to be released by FY24," analyst firm Jefferies said in a statement to Axios.

Analyst Doug Creutz of Cowen Inc, who routinely attends Take-Two's earnings Q&A sessions, also says the numbers indicate a "likely GTA 6 launch in FY24."

Like all companies, Take-Two's earnings figures telegraph and signal the release dates of key games. That's how we were able to predict GTA 6's FY24 launch way back in 2021.

Creutz says Take-Two's guidance forecasts spiked in a specific period before GTA V's launch which easily allowed analysts to predict when the game would release.

Analysts: GTA 6 to release by 2024 and help earn $9 billion 34 |

To date, Grand Theft Auto V alone has generated over $6.9 billion in revenues.

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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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