Delaying the release of GTA V: Enhanced Edition will not affect our profits
Take-Two said it still expects to meet its 2022 plan despite the delayed release of Grand Theft Auto V and Grand Theft Auto Online on PS5 and Xbox Series X/S. The games were supposed to be released on Nov. 11, 2021, but have been pushed back to March 2022, according to Games Industry.
The company expects to generate $3.14 billion to $3.24 billion in revenue with earnings of $299 million to $259 million in fiscal year 2022.
Rockstar-developed Grand Theft Auto is the largest franchise of publisher Take-Two, and GTA V is one of the best-selling titles of all time. Despite its rather long ago release in 2013, it has become the defining game of the PS4 and Xbox One era. The title has sold more than 150 million copies worldwide.
Nevertheless, with continued active involvement on existing projects as well as upcoming games like NBA 2K22, Take-Two noted that it may still need to adjust its strategy to meet its targets.
March 2022 promises to be a busy month for the company. Take-Two plans to launch three titles at once – WWE 2K22, Tiny Tina’s Wonderland and Marvel’s Midnight Suns. Now the GTA franchise has been added to this long list of AAA projects.
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