Take-Two Interactive shares surged as much as 9.4% in pre-market trading Wednesday, on anticipation of a full announcement for its “Grand Theft Auto 6…
Take-Two Interactive shares surged as much as 9.4% in pre-market trading Wednesday, as investors received the first confirmation that the next installment in the Grand Theft Auto franchise is on the horizon.
The first trailer for the next game, referred to by fans as GTA VI or GTA 6, will be released in December.shares surged as much as 9.4% in pre-market trading Wednesday, as investors received the first confirmation that the next installment in the Grand Theft Auto franchise is on the horizon. The company is slated to report its fiscal second-quarter earnings after the bell.
Earlier this year, the company signaled that 2024 and beyond would be a"significant" period for the company."We continue to believe we are positioning our business for a significant inflection point in fiscal 2025," Take-Two CEO Strauss ZelnickInvestors and consumers alike have long awaited the release of the next Grand Theft Auto game.
In August, when the company reported its fiscal 2024 first-quarter earnings, total net bookings grew 20% year-over-year to $1.20 billion. Among the largest contributors, the company said in a release, were Grand Theft Auto Online and Grand Theft Auto V.
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Take-Two Interactive shares rise on report Grand Theft Auto game to be announced this weekSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
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