Grand Theft Auto's parent company, Take-Two Interactive, announced during Thursday's earnings call that it is anticipating a fall 2025 release date for the long-awaited sixth installment in the franchise.
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But the announcement of a $2.9 billion loss for the first quarter of 2024, compared with a recent forecast of just $170 million in losses at the top end, underscores how messy the path has been to achieving a new period of “GTA” prosperity for the publishing group.
The next "GTA" title has been in development for at least a decade and reportedly has a budget of a whopping $2 billion, which would make it the most expensive game in the history of the medium. The vast majority of that budget is due to the staff involved and supporting their salaries for such a long development cycle.
Take-Two said the bulk of the company's $2.9 billion loss in the most recent quarter was due to "goodwill," which could refer to ongoing costs from its $12.7 billion acquisition of mobile giant Zynga in 2022.
