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Grand Theft Auto VI is likely to release in 2024 according to the small print in the announcement that Take-Two Interactive acquired mobile game developer Zynga as well as a number of analysts close to the company.
If you don't play mobile games, you're missing out. Based in San Francisco, California, Zynga is the developer of FarmVille and its sequels, the Words with Friends series and its spinoffs, Draw Something, Harry Potter: Puzzles & Spells and more. In 2020, it raked in almost $2 billion in revenue from 134 million monthly active users, so it's understandable why Take-Two Interactive snapped it up to streamline its intentions to take its most popular titles to the mobile game market. The announcement iterated how excited the publisher is to swot up from the developer's decade of expertise, however, there was a small section on something called "strategic rationale and stockholder value creation."
Watch our compilation of unbelievable wins and fails from the Grand Theft Auto community here!
It read: "looking ahead, the combined company is expected to deliver a 14% compound annual growth rate… over the three-year period from Take-Two's Fiscal Years 2021 through 2024." I don't know what a compound annual growth rate is, but luckily, an analyst from investment banking firm Jefferies does. Speaking to Axios' Stephen Totilo, they relayed that "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".
Analyst from @jefferies who is bullish on Take Two- Zynga and is checking T2's math— Stephen Totilo (@stephentotilo) January 11, 2022
"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"
That seems to suggest that the next Grand Theft Auto game will be the catalyst of the company's profits in that fiscal period. Another analyst, Doug Creutz of Cowen, gave their two cents that there is "a likely GTA 6 launch in FY24." To those of us that don't speak in stocks, that's a window between beginning of April 2023 and the end of March 2024. Truth be told, this is an improvement on the estimation that the game would finally, finally be in our hands in 2025 which was causing a lot of people to consider their mortality. That being said, we're still waiting longer than we'd like for the next chapter in the series, and fans are evidently tired of being fed snippets and sneak peeks of the upcoming next-gen versions of Grand Theft Auto V.
However, there's the saying that good things come to those who wait and it sounds like Rockstar Games needs a break and a breather before it resumes work on Grand Theft Auto VI. A leaker asserted that the project has seen multiple major revisions while balancing development on Grand Theft Auto V, Online and the remastered classics.
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