More financial reports are out this week, and Take-Two’s has revealed both a target release window for Grand Theft Auto VI and a $2.9 billion loss.
After years in development, tons of memes, and finally, an announcement and trailer release back in December, GTA VI is now aimed for a fall 2025 release. This info came from CEO Strauss Zelnick, who spoke to Variety, saying that more information, including a solid release date, wasn’t on the table yet. “That [announcement] will come from Rockstar and be consistent with the way they are marketing the title,” he said. Still, having a window after so many years of development, memes, eventual leaks, and lots of fan patience, is something.
The financial side of things was a darker topic. The company reported 4th quarter and fiscal year 2024 earnings, posting a 2.9 billion loss from January 1st through March 31st. The bigger picture details how their guidance had anticipated a loss between $153 and $179 million, and the Q4 loss was made up of several big expenses. These were a $2.18 billion goodwill charge, $304.3 million in acquisition-related expenses, and a restructuring cost of $93.3 million. Goodwill charges, or goodwill impairment charges, are ways that businesses write off a loss when an asset has declined in market value.
Take-Two is working to finalize its acquisition of most of Gearbox in a $460 million stock deal, with regulatory review due soon. After that acquisition was announced, the company did announce some recent layoffs.
Still, with one of the world’s most popular franchises now finally seeing a release window in writing, and the Gearbox deal likely to mean new Borderlands announcements, times ahead should be looking more positive.
