Take-Two Interactive (NASDAQ: TTWO) finally reveals that the latest edition of the ‘Grand Theft Auto’ franchise is currently being created. Work began on the title back in 2020, but we could still be several years away from the actual release date for consoles and PCs — and maybe even mobile.
Grand Theft Auto by the numbers
‘GTA V’ has sold more than 155 million copies worldwide, making it the second best-selling game of all time. Across the entire franchise, 355 million sales have been generated between all titles. ‘GTA V’ alone, is estimated to have brought in more than $6 billion in revenue for Take-Two, which means the success of the next title will be the most important yet.
When will ‘Grand Theft Auto VI’ be available?
Speculators are targeting 2024 or 2025 for the official release date, but we can expect it to be the latter, perhaps even with delays, judging by the history of game publishing and production.
We can be sure Take-Two will take its time to prepare everything accordingly, so as not to spark outrage online and a slew of negative media coverage, as was the case with CD Projekt’s (CDR.WA) ‘Cyberpunk 2077’ back in 2020. Although gamers had waited years for the release, a few extra months to fix the kinks could have been the formula for a best-seller rather than the reality, which was a mediocre sales result for the company driven by aggravated gaming reviews.
What does the ‘Grand Theft Auto’ release mean for investors?
As one of the company’s top-selling games of all time — along with its cousin from the wild west, ‘Red Dead Redemption’ — Rockstar Games is Take-Two’s most important division by far. What’s more, with the latest acquisition of Zynga (NASDAQ: ZNGA) set to go through in the near future, we could potentially see ‘GTA’ make headwinds in the mobile category, as well as the traditional PC and console gaming segments.
Among Take-Two’s subsidiaries, Rockstar and 2K are the two divisions that create games for console, PC, and mobile. The takeover of Zynga could be exactly what Take-Two has strategized — to boost marketing and sales across the mobile gaming segment — should they decide to make a version for tablets and smartphones. The company has spun off several versions of mobile games from renowned titles already, including ‘Grand Theft Auto 3’, ‘Grand Theft Auto: Vice City’, ‘GTA Liberty City Stories’, as well as ‘Bully’ and ‘Max Payne’, other games brought to our screens by Rockstar.
So, new or old, we can expect Take-Two to squeeze every last drop of monetization each title has left in them. Combine that with what we can expect to be a blockbuster release in the next couple of years, and this business could well be a winner for long-term investors.
Financial Writer at MyWallSt
David's favorite stock is Google. He's a daily user of its YouTube platform, where you can learn or find something brand new at the touch of a button. He believes the company will continue to grow for many years to come.