Take-Two Interactive summed up the results of the financial year ended March 31, 2024. She talked about the strong growth in losses and called the release window GTA VI.
Take-Two's annual revenue has barely changed compared to last year. It amounted to $5.35 billion.
Net income for the year increased by 1% to $ 5.33 billion.
Net losses increased to $ 3.74 billion. A year ago, Take-Two reported more modest losses of $1.12 billion.
Mobile remained the company's most monetary platform, with mobile games accounting for 51% of Take-Two's revenue. Console games took the second place with a share of 41%, and PC games took the third place with a share of 8%.
The most successful games were NBA 2K23 and 2K24, GTA Online, GTA V, Red Dead Redemption 2, Red Dead Online, Toon Blast, Empires & Puzzles, Merge Dragons!, Words With Friends, Zynga Poker, as well as mobile hyper casual titles.
▫️Take-Two plans to release 40 games by March 31, 2027. In the last report, she wrote about plans for 52 games. During a presentation to investors, Take-Two president Karl Slatoff confirmed that the company had canceled some of the games and stressed that these were not projects for key franchises. However, this does not mean that all 12 games have been canceled. Some of them could be rescheduled.
Take-Two has officially announced that GTA VI will be released in the fall of 2025. The game will be released on PlayStation 5 and Xbox Series.