Is GTA 6 Nearing? Take-Two's Fiscal Year Projections Trigger 2024 Release Talk
Portfolio Pulse from Franca Quarneti
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has projected a significant revenue increase for the fiscal year 2025, hinting at the possible release of the highly anticipated game GTA 6 in 2024. The company aims for $8 billion in Net Bookings in the coming year, a $2.5 billion increase from the current fiscal year's prediction. This optimistic outlook is potentially linked to the speculated release of GTA 6. Additionally, Take-Two CEO Strauss Zelnick defended the $50 price tag for the upcoming PlayStation 4 and Nintendo Switch ports of Red Dead Redemption.
August 09, 2023 | 8:57 pm
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Take-Two's projected revenue increase for FY2025 and the potential release of GTA 6 could positively impact the company's stock. However, the controversy over the pricing of Red Dead Redemption ports could have a negative effect.
The projected revenue increase and the potential release of a highly anticipated game like GTA 6 could drive investor interest and boost Take-Two's stock. However, the controversy over the pricing of Red Dead Redemption ports could create negative sentiment among consumers, which could potentially impact the company's stock negatively.
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IMPORTANCE 80
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