In a quarterly chat with investors today, GTA publisher Take-Two predicted that earnings for the current fiscal year will be slightly lower than previous forecasts. Net sales went from $5.8 billion to $5.9 billion, not from $5.4 billion to $5.5 billion. Still, the company is “very optimistic” about future growth, mainly because it’s confident in its upcoming games.
Responding to mild pressure from investment banks during the Q&A portion of the call, Take-Two CEO Strauss Zelnick said earnings expectations are low, mainly because people spend less money on mobile games now. I was. Take-Two acquired Zynga, his mobile developer, which is expected to account for 45% of the company’s net sales this year. According to Zelnick, the recession says nothing about Take-Two’s prospects for upcoming “immersive core” games, and the line-up he claims is arguably the “most robust” industry-wide.
“Immersive Core” is the label Take-Two uses instead of “Triple A.” The company describes the game as having “the deepest gameplay and the most hours of content.” 2K Sports games, Grand Theft Auto 5, and Red Dead Redemption 2 fall into that category, with Take-Two saying there are currently 21 “immersive core” games due for release by the end of March 2025.
That list includes Marvel’s Midnight Suns, the Firaxis strategy game postponed to December 2nd, Kerbal Space Program 2 delayed to enter early access on February 24th, and 2K’s NBA, WWE, and golf games. It is included. Of course, there’s a lot more we don’t know, as Zelnick says he feels “really good” about Pipeline’s games. was unpredictable, he says.
Answering the question why this “most robust” pipeline seems to take so long to start releasing games âPressure from investment bankers intensifiesâZelnick said Take-Two has no âproductivity issues.â He said the company only insists on releasing hit songs.
âWe definitely have very high quality expectations and demands, and that is reflected in the fact that we perform across the board.â âThis company is a hit factory. We haven’t had a disappointing release as long as we’ve been there, and that’s honestly the most important thing.”
“If I had to choose between the two, I’d rather have the situation we’re in. [that] We had some delays and had to revise our guidance downwards. I always choose it over failing. â
Both Zelniks have Take-Two financially It’s been a disappointing release for as long as he can remember, or he already forgot about NBA 2K23 and GTA Remaster, but okay, okay, I agree with the toned-down version of that statement…a lot of misfires. bullet. Evolve and Battleborn come to mind as his 2K-published games, but they died out before burning as brightly as the publisher wanted them to, but neither felt like anthem-scale bombshells.
After that, Zelnick continued to pass on his version of the endlessly repeated (and mistakenly attributed to Shigeru Miyamoto) industry wisdom.
“If I had to choose between the two, I’d rather have the situation we’re in. [that] We had some delays and had to revise our guidance downwards,” Zelnick said. That’s exactly the key to this business. We’ve had our issues â we’ve been long enough to remember them â have had title delays in the past, but in the end it’s always been worth the wait. The slight time delay in the results ultimately didn’t matter in the context of the results we were able to provide. â
GTA 6 is definitely one of the big Take-Two games that contributes to the company’s positive outlook for the future. rock star announced Earlier this year, the next game in the series was “on track” and after A bunch of details about it were distributed after the hackRegarding the hack, Zelick said in a call today that the incident was “deeply unfortunate” but that “there is no evidence that any material assets were stolen.”
Another place you can find hints about upcoming Take-Two games is List of game titles leaked from Nvidia servers last year. Nvidia dismissed this list as test material, but many games have since been announced for PC. Too much to be a coincidence. Among them, Take-Two related games were ‘Bioshock 2022’, ‘BioShock RTX Remaster’ and ‘XCOM 3’.
Me somehow It’s questionable if there will be a new BioShock game this year, but 2K has confirmed that a new BioShock is in development for 2019. “2022” may just be someone’s wishful thinking. But, like XCOM 3, it could very well be part of a game that launches by early 2025. Next year, Marvel’s Midnight Sons will be in the limelight, if it really exists.
Speaking of Phyraxis, Civilization 7 could also arrive around this time.Although not announced or teased as of yet, Take-Two’s strategy studio Recently looking for story leads I’m pretty sure that having a “knowledge and passion for world history” doesn’t mean you want to write historical romance novels or practice Jeopardy! exterior.
