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Take-Two: Enhanced GTA 5 delay won't harm fiscal year

Company reiterates guidance as major games are delayed

Take-Two says it still expects to hit its financial targets despite the delay to Grand Theft Auto 5 and Grand Theft Auto Online for PS5 and Xbox Series X and S.

The games were due to launch on November 11th this year, but will now launch in March 2022.

The firm previously announced it expects to deliver revenue between $3.14 billion and $3.24 billion, with income between $299 to $259 million, for its 2022 financial year.

Developed by Rockstar, Grand Theft Auto is Take-Two's biggest games franchise, and GTA 5 is one of the best-selling games of all time. Despite initially releasing in 2013 at the end of the Xbox 360 and PS3 generation, it has become a defining title during the PS4 and Xbox One era, with over 150 million copies shipped worldwide.

Nevertheless, with continued strong engagement for its existing games, plus other upcoming titles such as NBA 2K22, Take-Two says it has no need to adjust its guidance.

March 2022 is shaping up to be a busy month for Take-Two, with the launches of WWE 2K22, Tiny Tina's Wonderland, and Marvel's Midnight Suns, alongside the GTA titles.

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