Rockstar games like GTA to make less than $1 billion this year

Take-Two Interactive predicts that Rockstar Games titles will make less than $1 billion in net bookings in Fiscal Year 2023, indicating no GTA 6 release.

Published Aug 15, 2022 10:25 AM CDT   |   Updated Tue, Sep 6 2022 6:04 PM CDT
1 minute & 24 seconds read time

Rockstar Games earnings are expected to dip this year and this signals GTA 6 won't release release until after March 2024.

Rockstar games like GTA to make less than  billion this year 1 | TweakTown.com

Rockstar Games is expected to make less than $1 billion in net bookings during Take-Two Interactive's FY23 period, executive management for the company announced during a recent earnings call. While the numbers weren't clearly outlined, a quick bit of math gives us some figures.

Take-Two says it expects to make $5.8 to $5.9 billion from net bookings in FY23, and that Rockstar Games should make up roughly 17% of earnings. This puts Rockstar's share of net bookings in the range of $986 million on the low-end and $1 billion on the higher-end. What's interesting is that these are net bookings, not net revenues, and on average net bookings are typically higher because these figures include full online content revenues from games like NBA 2K, GTA Online, and Red Dead Online.

So what do these numbers tell us? Take-Two is expected Rockstar's titles to deliver lower earnings in FY23. Grand Theft Auto revenues are already at their pre-pandemic levels and GTA V is winding down after nearly 170 million copies sold. For reference, GTA alone earned $1.08 billion in net revenues in FY22 and likely earned even more from net bookings during the period.

Rockstar games like GTA to make less than $1 billion this year 123 | TweakTown.com

This also strongly indicates GTA 6 won't launch in FY23, but this is to be expected considering Rockstar's silence and lack of announcements on the game. If GTA 6 would be released by March 2024, we'd likely already have an announcement and full-on reveal of the game.

I've predicted that GTA 6 is targeting a release during Take-Two's Fiscal Year 2024 period, which runs from April 1, 2023 through March 31, 2024.

Buy at Amazon

Grand Theft Auto V PlayStation 4

TodayYesterday7 days ago30 days ago
$22.97$22.97$23.49
* Prices last scanned on 9/29/2022 at 11:24 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:fool.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.

Newsletter Subscription

    Related Tags

    Newsletter Subscription
    Latest News
    View More News
    Latest Reviews
    View More Reviews
    Latest Articles
    View More Articles
    Partner Content
    Advertise With Us