Investors were quick to pull the trigger and sell
Take-Two Interactive
Software stock, after the owner of Rockstar Games and publisher of Grand Theft Auto put out a trailer of the videogame franchise’s next installment and announced a launch window.
Take-Two released the trailer for Grand Theft Auto VI late Monday, hours after a version was leaked on social media platform X. The company said the game would be released in 2025 on
Sony’s
PlayStation 5 and
Microsoft’s
Xbox Series X and S systems.
Shares in Take-Two tumbled 4.6% in premarket trading on Tuesday. Grand Theft Auto is among the biggest franchises in gaming, and details about the next iteration have been a meaningful catalyst for Wall Street’s outlook for Take Two stock.
Grand Theft Auto V is the second-best selling videogame title of all time, with more than 190 million copies sold. The sixth installment of the franchise is among the most hotly-anticipated games and is expected to drive significant revenue to Take-Two’s Rockstar Games.
Shares probably fell because traders were disappointed with the 2025 release date, with there having been some speculation that the title could come in 2024. They may also have been concerned that the reveal was muddied by the leak, or that perhaps gamers don’t love what they see.
Write to Jack Denton at [email protected]
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