Share prices of the GTA 6 publishing company fell after the first teaser was shown

Share prices of the GTA 6 publishing company fell after the first teaser was shown

Against the backdrop of the Grand Theft Auto 6 teaser trailer, Take-Two Interactive faced a 1% decline in the value of its shares due to the fact that the game is scheduled for release in 2025. According to Business Insider, in addition to the above-mentioned decline, T2's share price fell 7% during pre-sale trading.

This drop in share price occurred shortly after Rockstar released a trailer for Grand Theft Auto 6 due to information leaks almost a day before the official announcement. The release of GTA 6 in 2025 is believed to have hurt both fans and Take-Two shareholders, given the drop in its share price. The latter have been waiting for the next part of Rockstar's flagship franchise for more than 10 years and claim that another year is not a problem for them.

However, even despite such a small setback, in the future Take-Two should receive an astronomical increase in profits, thanks to release of the new part of GTA. Its predecessor, Grand Theft Auto 5, became the second best-selling game of all time, selling more than 190 million copies over its lifetime. Moreover, it is one of the most financially successful entertainment products of all time, with revenues of approximately $8 billion worldwide.

For Rockstar Games, the teaser for GTA 6 was a monumental success, gaining over 99 million views and 8.9 million "likes" a day after release. The game is confirmed to release on PlayStation 5 and Xbox Series X|S sometime in 2025. The developers are not talking about a release on PC yet.

Author: Katrina Khshanovich
06.12.2023

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