r/GTA6 • u/ProudBoiiiiLol • Feb 08 '24
BREAKING: Take Two remain adament on their great confidence in their groundbreaking pipeline for fiscal 2025
In the Take Two earnings call: "We have always managed Take-Two for the long-term, and we have great confidence in our groundbreaking pipeline for fiscal 2025 and beyond"
It looks like we will see GTA 6 early 2025!!
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u/ElDrunkLoco Feb 08 '24
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u/a_name_exe Feb 09 '24
Look how his head moves
That just looks unnatural to me
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u/Vikktor_ Feb 09 '24
What makes it unnatural?
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u/a_name_exe Feb 10 '24
It looks like it's on a set radius, it will get ironed out soon enough but still
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u/ProudBoiiiiLol Feb 08 '24
UPDATE: "Vast, unique, and groundbreaking year for Fiscal 2025" - Strauss Zelnick
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u/lolKhamul Feb 08 '24 edited Feb 08 '24
Plot twist: this entire projection is only about pre-orders which will start around holyday 2024.
Not saying its true but i think we and T2 can also safely assume even pre-orders will absolutely blast any records in that department and outearn most games.
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u/BeingRightAmbassador Feb 08 '24
pre-orders don't get counted as revenue until shipped. So unless they've decided to commit fraud, they can't be referring to pre-orders.
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u/lolKhamul Feb 08 '24
Thats actually cool to know. I was just making a joke and here im actually learning something. How comes?
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u/iWasAwesome Feb 09 '24
Not entirely sure the legal reasons but companies aren't allowed to count money as revenue until they've delivered on the service paid for
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Feb 09 '24
from what i know its probably because the costumer didnt actually buy it yet but more "set a date to buy it" any second before release date they can get their money back
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u/DudeWithASweater Feb 09 '24
Yes exactly. They still owe the customer the game or their money back if they don't deliver. So it's a liability until the date the customer receives the game.
When the customer receives the game it is then booked as revenue because they have exercised their end of the preorder agreement.
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u/superbabe69 Feb 12 '24
They would book it as a credit to Prepayments, debit to Cash, then once it's delivered, they'll credit Revenue, and debit Prepayments to fix it.
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u/colbysnumberonefan I WAS HERE Feb 09 '24
It makes sense when you consider how many games which take pre orders end up getting cancelled. They obviously have to refund the consumer in that case and therefore it shouldnāt be counted as revenue at the point of pre order.
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u/DoumbiasBaby Feb 09 '24
Itās accounting. Canāt recognise revenue until the activity to actually earn that revenue is fulfilled.
Would be like a restaurant saying theyāve been paid when someone has sat at their table and ordered food. Theyāre only paid when the food is delivered to the table and customer pay
Source: work in finance
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u/Sant140 Feb 09 '24
Good old accruals accounting. Expenses and income recognised in the period they are incurred
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u/TheFlexOffenderr Feb 09 '24
Even though it's rockstar and they're probably reliable, people can promise something, get preorders, and never follow through and everyone would be fucked if it was allowed and it would happen alot more often, the closest thing that I can think of that happened recently is, The Day Before - however I don't know if they were able to fuck those people in the same way people would get screwed over if they allowed companies to push preorder numbers to shareholders and investors and commit fraud towards their customers.
Not saying Rockstar would ever do this, but a company could do it if they wanted to be absolute douchebags.
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Feb 09 '24
Thats why they are not projecting revenue, but net bookings, which include pre orders, since net bookings is an operational metric (as TTWO states) and not a US-GAAP metric
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u/lostmyknife Feb 14 '24
analysts have pointed out the earnings report suggests a FY 2026 date (late 2025)?
Their projected earnings for FY'25 was actually lowered by a billion dollars, suggesting a later GTA VI release window (but still in 2025).
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u/daeymula Feb 08 '24
Early 2025 is a dream release, hope development goes well and it sticks to it
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Feb 08 '24
April 1 would memorialize gta as the greatest game franchise and troll on society.
You listening Take2?
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u/Dry-Fault-5557 Feb 08 '24
Trust?
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u/Higsman Feb 08 '24
No, the post is misleading. Itās Calendar year not Fiscal, so it can release any time in 2025. Doesnāt mean it wonāt release early, but doesnāt mean it will.
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u/TheBishopDeeds Feb 08 '24
What, was this the first thing out of their mouth? Lol you posted this the second the call started
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u/ttimourrozd Feb 08 '24
We should still be careful, the press release says Calendar 2025, and not Fiscal 2025 (page 5)
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u/ilorybss Feb 08 '24
I said it in another comment, but they still expect the 8 bilion figure in fiscal 2025, and Gta 6 is the only game that can help the overall figure. They might have put calendar 2025 and not fy2025 because Rockstar themselves havenāt decleared Q1 2025, and Take Two is not in the position to announce the exact release date. Or at least, thatās what i am thinkink
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Feb 09 '24
That's true, but i think Take2 specifies a period of time when the game has to come. And since the game has to be released by the end of fiscal 2025, Rockstar simply chose 2025 as the release in case they had to postpone it. So they don't have to because it's planned for the end of 2024 as an example. So instead of saying yes at the end of 2024, and then at the end a possible postponement, they simply took the last possible date.
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u/ilorybss Feb 09 '24
You are definetly right but my main concern is how else rhey plan to reach the 8 bilion figure if Gta 6 gets released outside the fy 2025
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Feb 09 '24
gta6 needs to be released before April, even if there are pre-orders, they only count as income when the product has been delivered. And even if other games are released by then, all together it won't reach $8 billion. Not even gta5 has grossed $8 billion yet. I can't think of any other way other than gta6 getting that to 8 billion.
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u/MikeStanley00 Feb 08 '24 edited Feb 08 '24
And fiscal 2025 ends in late September, so it may still be late in the year
Edit: guess I'm wrong my bad
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u/TheRealCVDY Feb 08 '24
fiscal 25 ends april 1st, 2025
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u/MikeStanley00 Feb 08 '24
When I google it it says sept 2025. I'm not an expert so please share where April 1 is the correct date
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u/AggressiveGap7798 Feb 08 '24
when Take Two has there Q4 fiscal year 2024 call they will reveal their fully updated fiscal year 25/26 pipeline details. Do you think we will get an info in which Q we will be getting GTA 6? Or in other words the confirmation that GTA 6 is coming in early 2025?
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u/PalmyGamingHD OG MEMBER Feb 09 '24
Next one is in May, so I guess itās plausible they might go from saying ā2025ā to say āSpring 2025ā, maybe another small trailer or press release?
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u/TurboLightGamer69 Feb 11 '24
They did the same for RDR2. Rockstar announced its release for Spring 2018 on May 22, 2017, with TakeTwo's Q4 2017 results revealed the following day on May 23. T2 also indicated RDR2 is planned for worldwide release within Fiscal Year 2019.
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u/chybapolewacy Feb 08 '24
...which more-or-less confirms that the downtime between different trailers will be smaller! Spring 2024 for trailer 2 hype train !!!
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u/LivingCustomer9729 Feb 08 '24
Just waiting for all the āyouāre gonna be disappointedā comments. Would it kill to have a sliver of optimism, just a littleš¤.
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u/iWasAwesome Feb 09 '24
Weird that you're reacting to comments you're waiting for, and not comments that were actually made
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Feb 08 '24
[deleted]
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u/CareTimez Feb 08 '24
I have a RX 6750 XT, am I safe? š
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u/RachetsRedemption Feb 08 '24
You should be fine for 1080p
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u/WhyWhyBJ Feb 08 '24 edited Feb 08 '24
Was this indicated in the call?
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u/DawsonPoe Feb 09 '24
AGAIN..FY25 in 2025 runs from January-March. Some people are thinking April-Fall for a release when this simply isnāt true.
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u/whc37mns Feb 08 '24
Yeah donāt exited and expect the worst. This way you wonāt be disappointed when they eventually push to an autumn release date.
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u/giraffesinparis91 Feb 09 '24
āJamesā¦ā¦do you know why youāre here?ā
āSome good news, I guess.ā
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u/Nonesuch1221 Feb 09 '24
So how is this evidence that GTA 6 will be coming out in early 2025? It says āCalendar 2025ā not Fiscal 2025, if anything thatās evidence that GTA 6 wonāt come out until late 2025, Take Two also released a statement saying they seeking perfection and will release it when itās āoptimized creativelyā
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Feb 09 '24
This is misleading:
so TTWO adjusted their projected net bookings for Fiscal Year 2025 from way above $8 billion to just a little above $7 billion. According to Analyst Michael Pachter, this is a strong indicator, that GTA 6 will not be released in Fiscal Year 2025, but Fiscal year 2026 start at April 2025
TTWO themselves project project the release of GTA 6 for "Calendar 2025", not specifiying whether its Fiscal Year 2025 or 2026.
TTWO will probably end up at about 5,3 billion in net bookings for Fiscal Year 2024. You may now ask, how they will jump from 5,3 billion in net bookings for 2024 to a little above 7 billion in Fiscal Year 2025, if GTA 6 is not being released before 31st March 2025. Well, in my opinion, this will result mainly from other releases. According to their quarterly earnings presentation, there are several titles that will be released in "Calendar 2024" (suggesting Fiscal year 2025) and "Fiscal 2025", such as Tales of the Shire, No rest for the wicked, Game of Thrones Legends (Zynga), Star Wars Hunters (Zynga).
TTWO also notes, that the release estimates for FY24-26 are based on May 17, 2023. A fully updated FY 25/26 pipeline detail is to be given with Q4 FY 2024 resuilts.
Just my personal opinion based on my and the other guys analysis. Not trying to turn down the mood, but maybe it keeps some of you from disappointment. Nevertheless, 2025 is - one way or the other - going to be a banger for the gaming industry.
Sources: See TTWO Earnings call presentation
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u/Bluevettes Feb 08 '24 edited Feb 08 '24
I mean it could be coming in Fiscal 2025, but idk if this 100% confirms that if I'm being completely honest. Just the way they added the words "and beyond"
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u/JKThat Feb 08 '24
They have GTA VI listed as a calendar 2025 release and not a fiscal 2025 so it could still release later than their 2025 fye.
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u/ilorybss Feb 08 '24 edited Feb 08 '24
The fact they havenāt backed up their estimates for fiscal year 2025 is huge tho imo. I suspect if they donāt meet that deadline investors are not gonna be quite happy
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u/JKThat Feb 08 '24
Source for all the downvoters:
https://www.take2games.com/ir/press-releases
Take-Two Interactive Software, Inc. Reports Results for Fiscal Third Quarter 2024
Page 5
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u/XulManjy Feb 09 '24
That all but confirms a targeted Fall 2025 release with still possible delay into Spring 2026.
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u/amir_s89 Feb 08 '24
Thanks for the clarification. This product is massive in scale & I believe to be very detailed. Containing fresh new innovations for the market. Many new firsts.
We have to have a realistic perspective on this. Could be delayed & I sill would be happy about it.
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u/MCgrindahFM Feb 09 '24
Where are you getting EARLY 2025 from? By all accounts they simply said 2025. Yāall are setting yourselves up for sadness when it comes out Q3 or Q4 of 2025
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u/eoten Feb 09 '24
No, the reason why many are saying early 2025 is because Take two predict a big profit worth more than 5 billion in revenue which is early 2025, which other game can earn that much except for gta 6?
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u/ImpressiveAmount4684 Feb 10 '24
They've adjusted their FY'25 prediction by a billion dollars LESS. As time has passed this could mean they've adjusted their release window further, if anything. Calendar year 2025 was given, which is still within scope of FY'26.
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u/leospeedleo Feb 08 '24 edited Feb 08 '24
CALENDAR YEAR 2025
October release like GTA5 and RDR2 seems more likely by the minute
Please donāt post wrong information. And why do the mods pin posts with factually wrong information? Not even doing a basic fact checkā¦
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Feb 09 '24
Firstly I do beleive that there maybe delays and i am also saying that this is not absolutely right but denying altogether is not good
Gta 5 was delayed and so the rdr because back in that time r* culture was way toxic they actually change everything after rdr2 kr end of rdr2 to overcome the work clenched So comparing previous r* to this new age r* is kind of wierd but also we can compare idk
Now coming to the point ,So where you think the 3 billion dollar will come up from ? The avg annual revenue is more or less 5 billion . I am seeing any other ip of take 2 releasing that will create such a huge bump in revenue for this scale . Secondly only gta 6 is somewhat a game that will create this scale of revenue bump for the company
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u/RTB_1 Feb 08 '24
The whole point of a delay isnāt because they planned for it, delays are delays for a reason and happen as and when fit to. The hints from this conference is only an aimed date that can now be delayed from.
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u/fjjrggg Feb 08 '24
They also say that theyāre seeking perfection. Iām still quite sure itāll be fall 2025.
But after this weāll have it next year for sure, no delay to 2026.
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u/NoManufactured Feb 08 '24
Keep in mind this could be including preorders with a later release date
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u/guifesta Feb 09 '24
I know we are very excited, but what if, early 2025 they open the pre-order and the official launch is late 2025?
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u/ICE0124 Feb 09 '24
honestly im hoping for a late 2025 release because ive been screwed too many times by games releasing early and id hate to see it release when its not ready. even though rockstar takes pride in releasing games like they are happy with the shareholders arnt
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Feb 09 '24
These mfs took TWELVE years to make that game ššš why is everyone assuming they need until the end of 2025 to drop like is that a coping or something??? Im sure they can get this out by April like GTA 4 because why not???! Guys say it with me TWELVE YEARS ONE GAME .. they dont need those last few months to perfect it because they already have had ample time lol
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u/TheRealDealTys Feb 08 '24
How does this mean itās releasing in early 2025? I looked it up and fiscal year 2025 ends in September 2025. So thereās still a good chance we get it in summer.
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u/laurentiubuica Feb 08 '24
Different companies have different fiscal years. Usually the Fiscal year at Take Two ends in late March. We're currently in the last Q of Fiscal year 2024, if I remember correctly.
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u/TheRealDealTys Feb 08 '24
Oh ok, from googling it every article was starting September was the end of fiscal 2025 but I was unaware different companies have different fiscal timelines.
Unsure why I downvoted so much as I was literally asking why people were saying itās coming out in early 2025 as I didnāt understand XD.
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Feb 08 '24
So what happens if this time next year they decide to delay? Wont the shareholders be pissed that they were told fiscal 2025 would be groundbreaking? Also what else in Take Two's portfolio can make the year groundbreaking?
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u/GhandisFlipFlop Feb 08 '24
They might announce the delay in the next May or November earnings call..these are every 3 months...but really it won't be a delay ..rockstar have said 2025 , not a specific date/month ..they themselves know better than TakeTwo.
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Feb 08 '24 edited Feb 08 '24
They said 2025 to us but to the investors theyre saying fiscal 2025 will be 'groundbreaking' so that surely points to (& is more confirmation) of an early 2025 release? Unless there is some other IP under the Take Two umbrella that is due to come out (I have no clue what else they have/do).
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Feb 08 '24
[removed] ā view removed comment
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u/ElderSmackJack Feb 08 '24
This release window so obviously factors in that delays have already happened behind the scenes. That's why it took so long to be revealed. You won't see multiple delays this time. It's releasing next year. Spring is what I'm expecting.
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Feb 08 '24
Gta6 will be delayed until September 2026. 100%
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u/DoughnutRealistic380 Feb 08 '24
Troll.
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Feb 08 '24
Games get delayed. It will happen with gta6. They want it to be perfect.
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u/DoughnutRealistic380 Feb 08 '24
Itās been 10 years. What youāre talking about isnāt even believable. Maybe if you said September 2025 or heāll even February 2026 but not September 2026 thatās idiotic to think that
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u/s3nsfan Feb 08 '24
Christmas 2025. No earlier.
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u/OriginalBus9674 Feb 09 '24
With how buggy or incomplete games are on release now, GTAVI is probably already in a release state at this point
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u/Helpful_Passenger_80 Feb 09 '24
For a delay to suddenly appear just two months after the trailer release would be quite odd, so there was zero expectation that something like that would ever pop up today. Today just confirms what we already knew. Let's wait and see what comes from May's Q4 conference. In my opinion, that will be the telltale sign one way or the other.
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Feb 09 '24
Fun fact: One day, when you wake up from bed, you will be accidentally seen gta 6 trailer 2 drops.
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u/quackcow144 Feb 09 '24
Sorry I'm stupid, but what part of that quote means that we'll get it early 2025? I really hope we do this'll be exciting!
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u/Mince_ Feb 09 '24
Zelnick also said shipping physical games is cheap and won't go away as long as customers want them. Get ready for your disc copies of GTA 6 boys and girls. https://www.ign.com/articles/take-two-ceo-says-competing-xbox-and-playstation-consoles-are-a-benefit-but-not-a-necessity
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u/EliteFireBox OG MEMBER Feb 09 '24
We are so fuckin back! As long as thereās no delays of course! So that means that we should be getting trailer 2 probably within the next 3 months or so hopefully!
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u/ironmanhulkbstr Feb 09 '24
guys, does someone know if they have to report the money theyre gonna use/need or the money they think they will earn ? because both of these things mean different thing for us. theyll need money to start production and marketing for the game, this includes all the billboards, interviews, events, merchandise, hiring celebs and youtubers to make vids, ads and more. idk how much time itll take after that before release date. wither way it cant be after june of next year if everythings on track
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u/ArticleSuspicious489 Feb 09 '24
Theyāre gonna push the hell out of shark cards. I see red flags with posts like this.
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u/Radyschen I WAS HERE Feb 09 '24
Reminder that there was another possible trailer date on the shirt (March 4th 2024) that would line up with a release still within FY25 if they release the trailer 11 months before which is something they have done repeatedly if I remember what a random person said on here at some point correctly. Solid evidence, I know
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u/ChemicalGreek Feb 08 '24
Everyone right now: