Technology
Tuesday, December 5th, 2023 2:54 pm EDT
Key Points
- Stock Reaction to GTA VI Trailer Release: Take-Two Interactive Software, a video game publisher, witnessed a 2% decline in its shares on the morning after the release of the trailer for Grand Theft Auto VI (GTA VI), scheduled for launch in 2025. The company had initially planned to unveil the trailer at 9 a.m. ET on December 5th, but a leak prompted an expedited release.
- Impact on Take-Two’s Revenue Growth: The article highlights the anticipation surrounding GTA VI and its potential impact on Take-Two’s revenue growth post-release. Grand Theft Auto V (GTA V), the predecessor released in 2013, is noted as the second best-selling video game in history, having sold over 190 million copies, trailing only Microsoft-owned Minecraft with over 300 million copies sold.
- Correction and Circumstances of Trailer Leak: A correction in the article addresses the originally planned time for the release of the GTA VI trailer. The premature leak occurred on the @Gta6trailerleak account on X (formerly Twitter), leading to Take-Two expediting the official release on YouTube. The correction clarifies the circumstances surrounding the trailer’s release timeline.
Shares of Take-Two Interactive Software, a video game publisher, experienced a 2% decline following the release of the trailer for Grand Theft Auto VI (GTA VI), scheduled for launch in 2025. Originally planned for a 9 a.m. ET release on December 5th, a premature leak prompted Take-Two to expedite the unveiling. The highly anticipated GTA VI is expected to have a significant impact on Take-Two’s revenue growth post-release.
Grand Theft Auto V (GTA V), the predecessor released in 2013, stands as the second best-selling video game in history, boasting over 190 million copies sold. It trails only Microsoft-owned Minecraft, with over 300 million copies sold. The gaming community has eagerly awaited details about GTA VI, and anticipation heightened when Sam Houser, Rockstar Games’ founder, announced the trailer’s December release.
Take-Two CEO Strauss Zelnick, in a November conference call, commended Rockstar Games for its continuous innovation and commitment to high-quality interactive entertainment as the label approached its 25th anniversary.
GTA VI is confirmed for release on Sony PlayStation 5 and Microsoft Xbox Series X and Series S consoles. However, the trailer’s premature leak occurred on the @Gta6trailerleak account on X (formerly Twitter). Rockstar Games, a subsidiary of Take-Two, swiftly responded by publishing the official trailer on YouTube, leading to the suspension of the account that leaked the video.
The correction in the article addresses the initially planned time for Take-Two to release the GTA VI trailer. Despite the stock dip, the release of the trailer marks a crucial step in the unfolding narrative of one of the most anticipated video game releases, promising significant implications for Take-Two’s future financial performance.
For the full original article on CNBC, please click here: https://www.cnbc.com/2023/12/04/take-two-stock-slips-as-rockstar-games-posts-grand-theft-auto-trailer.html
