Stock analysts are predicting that Rockstar Games will finally release the sixth mainline installment of its best-selling action-adventure series, Grand Theft Auto, in about two years time.
Grand Theft Auto VI’s new estimated date of arrival was prompted by recent comments from optimistic Take-Two executives, some of whom are anticipating that their company’s compound annual growth rate through 2024 will be an impressive 14 percent. As analysts have pointed out, one of the only IPs that could provide that level of confidence is GTA.
“There are only a handful of titles that can … provide management with the confidence to put out such a strong guidance; we believe there is at least one Rockstar IP set to be released by FY24,” reads a statement from a Jefferies analyst that was picked up by Axios. Another, Cowen’s Doug Creutz, believes that GTA VI will launch in FY24, a period that stretches from April 1, 2023, through March 31, 2024.
Axios’ coverage goes on to mention that Rockstar Games’ previous blockbusters had been tipped off by similar revenue expectations. GTA V’s September 2013 release date was hinted by financial targets that emerged as early as 2011, according to the publication.
Other industry insiders such as Tom Henderson have claimed that GTA VI may not surface until 2024 or 2025 due to Rockstar Games wanting to reduce crunch in order to improve the health of its staff. The next-gen versions of GTA V and GTA Online will be released for the PlayStation 5 and Xbox Series X|S consoles this March.
Source: Axios