All posts tagged: take two

Grand Theft Auto 6 Delay Fails to Dent Take-Two Investor Zeal

Grand Theft Auto 6 Delay Fails to Dent Take-Two Investor Zeal

Published by Webster

Investors in Take-Two Interactive Software won’t see the latest Grand Theft Auto VI game hit the shelves this year like previously planned, but that isn’t souring sentiment on the stock.  The shares are trading less than one percent shy of a record reached earlier this month, despite the company pushing back the release of the sixth installment in the wildly popular franchise to next year. A key reason: excitement is running high about other games in the company’s pipeline, including Borderlands 4, that are expected to be blockbusters. “You can’t put the whole gaming industry into a Netflix-style safety bucket, but you can view Take-Two that way, since there’s no real impact from tariffs and its pipeline is so robust that the upside from new content should outweigh any negative we see in a downside scenario,” said Alec Boccanfuso, portfolio manager at Gabelli Funds, who said the stock is one of his top holdings. The company earlier this month announced it was postponing Grand Theft Auto VI from this fall, news that knocked shares down from record levels. The pre-announced delay could de-risk …

GTA 6 Reportedly Expected to Collect Over Billion From Pre-Orders Alone

GTA 6 Reportedly Expected to Collect Over $1 Billion From Pre-Orders Alone

Published by Webster

Grand Theft Auto 6 is undoubtedly set to become a sales juggernaut when it launches later this year, but the game could outsell most other major titles through pre-orders alone. A research firm has predicted that GTA 6, one of the most anticipated games of all time, will likely collect over $1 billion (roughly Rs. 8,577 crore) from pre-purchases before it arrives on PS5 and Xbox Series S/X in Fall 2025. The open world title is also reportedly expected to generate over $3 billion in revenue for Take-Two Interactive in its first year. GTA 6 to Break Sales Records, Analysts Say Analysts at DFC Intelligence, a video games market research firm, told FT that Grand Theft Auto 6 pre-orders were likely to exceed $1 billion. To put that in perspective, Grand Theft Auto 5 raked in $1 billion within three days of launch. GTA 6 is also expected to generate a revenue of $3.2 billion (roughly Rs. 27,450 crore) in the first 12 months of its release, the FT report said, citing DFC. This figure …

GTA 6 Website Updates Hint at New Screenshots, Cover Art, More: Report

Published by Webster

Grand Theft Auto 6 will be released sometime in 2025, but with no new updates from developer Rockstar Games on the title, eager fans have been dissecting existing information to gather more clues. GTA 6 was first revealed with a trailer in December 2023, showing off its setting and characters. Now, reported changes to the Rockstar Games website have hinted at a few new updates about the game. X user @GTAVI_Countdown spotted an update on the Rockstar Games website (via IGN) that added GTA 6 to its database. The database entry page for the upcoming game includes placeholders for four screenshots, cover art and release date. This could hint at an upcoming official GTA 6 announcement or update. Soon after the database was spotted, Rockstar took down the page, further suggesting an update could be on its way. According to the X user, while the GTA 6 page has been taken down, the code with placeholders remains in the database that was made public earlier this week. The code includes references for four screenshots and …

2K Said to Be Gearing Up for an Announcement on the Mafia Series

Published by Webster

Mafia developer Hangar 13 has been working on the next game in franchise for a few years. Official updates and information about the new Mafia title have been scarce since its existence was confirmed in 2022. The game was initially rumoured to be a prequel, with reported plans to develop it in Unreal Engine 5. Now, after almost two years since the unnamed Mafia game was first confirmed, publisher 2K is reportedly close to making an official announcement about the series. A reliable games industry leaker has claimed that the Take-Two subsidiary is set to provide an update on the Mafia series. In a post on X Tuesday, video game researcher @Kurakasis said that 2K was gearing up for a Mafia announcement. “I can tell you that a few days ago, Take-Two began preparations for an announcement regarding the Mafia series,” they said. The tipster said that it was hard to say when 2K would make the announcement, but we could see something in about three to four weeks, in line with the reveal timeline …

GTA 6 Trailer Leak Was ‘Disappointing’ but Did Not Hurt the Team, Says Take-Two CEO: Report

Published by Webster

Grand Theft Auto 6 is set to release some time in 2025, with developer Rockstar Games announcing the much-awaited title via a trailer late last year. The GTA 6 trailer, which has 174 million views on YouTube at the time of writing, came out December 5, showing off shiny visuals, a dense and detailed Vice City, and a Tom Petty song that has since experienced a 37,000 percent increase in its Spotify streams. But hours before Rockstar was forced to actually put out the trailer, it leaked on the Internet. Now, the CEO of Rockstar owner Take-Two has said that the leak was “disappointing.” Ahead of the company’s quarterly earnings call Thursday, Take-Two CEO Strauss Zelnick told IGN that the GTA 6 trailer leak was “disappointing,” but it did not hurt the team at Rockstar and its parent company, according to him. “In terms of the leak, that’s always disappointing for the team, but ultimately, I don’t think it hurt us,” Zelnick said. The Take-Two chief added that the team was gratified when the official trailer …

GTA 6 May Not Release by March 2025, Take-Two Revenue Forecast Suggests

Published by Webster

Take-Two Interactive Software forecast fourth-quarter bookings below market expectations and cut its annual estimates on Thursday, on signs of weak demand for its gaming titles such as NBA 2K, sending its shares plunging 10 percent after the bell. Lower consumer spending and stiff competition from players such as Electronic Arts and Microsoft-owned Activision Blizzard are hurting the video game publisher. Take-Two forecast fourth-quarter bookings in the range of $1.27 billion (roughly Rs. 10,542 crore) to $1.32 billion (roughly Rs. 10,957 crore), compared with analysts’ expectations of $1.51 billion (roughly Rs. 12,534 crore), according to LSEG data. It also cut its projection for full-year bookings to a range of $5.25 billion (roughly Rs. 43,578 crore) to $5.30 billion (roughly Rs. 43,993 crore) from its earlier forecast of $5.45 billion (roughly Rs. 45,239 crore) to $5.55 billion (roughly Rs. 46,069 crore). “The forecast cut is almost entirely attributable to the shift of a game out of the fiscal year, so no real impact on the company’s long-term prospects”, said Wedbush securities analyst Michael Pachter. But the company’s latest projection of …