We were all hoping that Take-Two Interactive would have something new to say about Grand Theft Auto V during the company’s first quarter financial call yesterday, but unfortunately we were left disappointed.
The topic of Grand Theft Auto V certainly did come up several times during Take Two’s financial call, but the company didn’t have anything new to say about Rockstar’s wildly anticipated next entry in the Grand Theft Auto franchise–not even what year the game is being targeted for release in. All Take-Two had to say about Grand Theft Auto V during the call was that development was moving forward full speed, and that “substantial” progress was being made.
According to industry analyst Michael Pachter from Wedbush Morgan, we’re more likely to hear about a Grand Theft Auto V release date by November at the earliest, but a reveal at Gamescom later this month isn’t out of the realm of possibility.
“We expect a GTA V release date announcement by as late as November,” Pachter said. “There was no such announcement at E3, making a pre-holiday release less likely (but still possible). An announcement at Gamescom in August remains a possibility.”
Pachter went on to say that Take-Two likely wouldn’t be able to hit its target revenue of $1.7 billion to $1.8 billion for the fiscal year, which ends March 31, 2013, without the release of Grand Theft Auto V, meaning a release before March is likely.