Grand Theft Auto 6 (GTA 6) leaks continue to pop up, turning market attention to both the upcoming title and publisher Take-Two Interactive's (NASDAQ: TTWO) stock.
Take-Two Interactive (NASDAQ: TTWO) stock briefly jumped 2.9% on August 18 as new Grand Theft Auto 6 (GTA 6) leaks surfaced online, climbing from roughly $241 to just above $248 during the session, before dropping back down and closing at $242, up just 0.33%.
Take-Two Interactive Software Inc (NASDAQ:TTWO) remains a top pick at Wedbush, which reiterated its ‘Outperform' rating and $300 price target following the video game publisher's fiscal first quarter results, with the firm highlighting the upcoming launch of Grand Theft Auto VI and the company's growing recurring revenue base. Wedbush wrote that Take-Two trades at 25 times its fiscal 2028 consensus EPS estimate and 23 times its fiscal 2029 estimate, which it views as not fully reflecting the potential scale of GTA VI or the company's increasing mix of recurring revenue.
Take-Two Interactive Software Inc. (NASDAQ:TTWO) on Friday posted better-than-expected earnings for the first quarter and affirmed its full-year outlook.
Take-Two Interactive Software NASDAQ: TTWO reported first-quarter fiscal 2027 net bookings of approximately $1.39 billion, slightly above its guidance range of $1.32 billion to $1.37 billion, as NBA 2K and the Grand Theft Auto series outperformed expectations.
Take-Two shares climbed after quarterly bookings beat estimates, but investors remain focused on the biggest event in the company's pipeline, the launch of Grand Theft Auto VI. Bloomberg's Jason Schreier discusses what Take-Two is calling “unprecedented” preorder demand, why expectations for the game are so high, and what to watch for when Rockstar unveils an extended look at GTA VI gameplay ahead of its November release.
Take-Two Interactive Software Inc (NASDAQ:TTWO) reported first-quarter revenue of $1.53 billion, topping analyst estimates of $1.41 billion, as the video game publisher prepares for the November 19 launch of "Grand Theft Auto VI." Net bookings for the quarter came in at $1.39 billion, down 3% from a year earlier, while adjusted EBITDA of $167 million beat expectations of $155 million.