GTA 6 May Not Release by March 2025, Take-Two Revenue Forecast Suggests

Take-Two Interactive Software forecast fourth-quarter bookings below market expectations and cut its annual estimates on Thursday, on signs of weak demand for its gaming titles such as NBA 2K, sending its shares plunging 10 percent after the bell.

Lower consumer spending and stiff competition from players such as Electronic Arts and Microsoft-owned Activision Blizzard are hurting the video game publisher.

Take-Two forecast fourth-quarter bookings in the range of $1.27 billion (roughly Rs. 10,542 crore) to $1.32 billion (roughly Rs. 10,957 crore), compared with analysts’ expectations of $1.51 billion (roughly Rs. 12,534 crore), according to LSEG data.

It also cut its projection for full-year bookings to a range of $5.25 billion (roughly Rs. 43,578 crore) to $5.30 billion (roughly Rs. 43,993 crore) from its earlier forecast of $5.45 billion (roughly Rs. 45,239 crore) to $5.55 billion (roughly Rs. 46,069 crore).

“The forecast cut is almost entirely attributable to the shift of a game out of the fiscal year, so no real impact on the company’s long-term prospects”, said Wedbush securities analyst Michael Pachter.

But the company’s latest projection of “a little above $7 billion (roughly Rs. 58,105 crore) for net bookings” for fiscal 2025, after its last year’s downwardly revised forecast of under $8 billion (roughly Rs. 66,406 crore) dashed investors’ hopes.

They were expecting a boost from Take-Two’s Grand Theft Auto VI, the latest installment of the best-selling franchise that is set for a 2025 release.

“The reduction in outlook tells you it’s (Grand Theft Auto VI) not coming next fiscal year,” Pachter added.

Third-quarter hit

Take-Two’s net bookings fell 3 percent to $1.34 billion (roughly Rs. 11,122 crore) in the third quarter, in line with analysts’ estimates.

The solid performance of games such as GTA Online and the Red Dead Redemption series was partially offset by softness in mobile advertising and sales of NBA 2K, according to Take-Two CEO Strauss Zelnick.

On an adjusted basis, the company earned 71 cents per share compared with estimates of 72 cents.


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NBA 2K24 Will Include Cross-Play for the First Time, Coming September 8

NBA 2K24 is getting cross-play across the current-gen PS5 and Xbox Series S/X versions. This marks the first time in the franchise’s 25-year-long run that the feature is being added to the revered basketball sim, allowing players on different platforms to play with one another. The PC version, however, will not only be left out of that feature but won’t include ProPlay, the new animation system that “directly translates NBA footage into NBA 2K24 gameplay.” The title will feature Hall of Famer Kobe Bryant on the cover, who tragically passed away in 2020, alongside a ‘Mamba Moments’ mode that lets you relive some of his biggest moments in-game. NBA 2K24 is out September 8 on all major platforms.

“Embody one of the greatest basketball players of all time in Mamba Moments mode, recreating several of Kobe Bryant’s most dominant and captivating performances,” the website reads. Similar to the ‘Jordan Challenge’ from NBA 2K23, the mode will track the legendary shooting guard’s 20-year-long stint in the NBA while playing for the Los Angeles Lakers. Meanwhile, the ProPlay feature is poised to translate real-world NBA footage into the game engine, for which developer Visual Concepts has promised more details in the future.

While it’s supposed to show the generational leap in authentic-looking gameplay, it’s weird to see PC being left out, when it’s obvious that the platform supports the ProPlay feature. The trend has been consistent since the new-gen PS5 and Xbox Series S/X consoles came out, resulting in PC players receiving last-gen versions of the game. EA Sports’ NFL Madden used to be in the same boat until last year, but this year, even the PC community is getting its entire wealth of features. In addition to ProPlay, NBA 2K24 PC players will only get to play the Neighborhood portion of its My Career mode — and no cross-play functionality, as mentioned before.

Several familiar game modes return, including the MyTeam mode — NBA 2K’s version of Ultimate Team — where you assemble a dream team via pack openings and online player card transfers and compete in various competitions. Or, you can head over to MyNBA to put on the manager’s cap and lead a team to victory in offline-based game modes. Victor Wembanyama is all set to make his Summer League debut with the San Antonio Spurs, and riding on the hype train, 2K is running a promotion that grants access to the seven-foot-tall prospect for your MyTeam lineup. It will be available to those who pre-order NBA 2K24’s 25th Anniversary Edition between July 7–14. It’s a 90-rated card and comes with a Wembanyama jersey for MyPlayer (character creation) and a Ruby Devin Booker Card.

NBA 2K24 will ship in three editions, starting with the standard Kobe Bryant Edition, which is priced at Rs. 3,999/ $59.99 on PC, and Rs. 4,399/ $59.99 on PS4, Xbox One, and the Nintendo Switch. Meanwhile, the PS5 and Xbox Series S/X versions cost Rs. 4,999/ $69.99.

Up next is the Black Mamba Edition, which adds some virtual currency and a long list of digital collectibles including a Kobe Bryant Saphire card and his shirts for My Player. This costs Rs. 5,599 (PC) and Rs. 7,499/ $99.99, across the remaining aforementioned platforms. And finally, the 25th Anniversary Edition (only available until September 10) compiles everything from the Black Mamba Edition — in-game collectibles and boosts — alongside a 12-month subscription to NBA League Pass. This is listed at Rs. 8,500 on PC, while the PlayStation and Xbox versions cost Rs. 9,800/ $150.

NBA 2K24 is out September 8, across PC, PS4, PS5, Xbox One, Xbox Series S/X, and Nintendo Switch.


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