Take-Two reports quarterly results Monday with GTA 6 at the center: preorders estimated at $751 million by Sensor Tower, stock down 15.9% this year.
Sources finance.yahoo.com
Take-Two Interactive reports its second-quarter results on Monday, and all eyes will be on GTA 6. According to Yahoo Finance, citing Benzinga, management could comment that day on preorders, the share of buyers choosing the $100 edition and how many copies it expects to sell in the first year.
Yahoo Finance relays Sensor Tower estimates, reported by IGN: 7.71 million units preordered, or $751 million in revenue. Most buyers reportedly chose the $100 Ultimate Edition over the $80 standard one. On consoles, 74% of preorders would be on PS5 and 24% on Xbox. These are estimates from an analytics firm, not figures from Rockstar or Take-Two. We already reported the $750 million figure in early November: the total is stable, only the calendar has moved.
The paradox comes from the market. According to the article, shares traded at $211.83 on Thursday, within a 52-week range of $183.86 to $265.65. They were down 15.9% year to date and around 20% below the yearly high. For years the stock has moved with GTA 6's schedule, falling whenever the game was delayed. Two weeks before the November 19 release, it still trades below its levels earlier this year.
Yahoo Finance recalls that GTA 5, released in 2013, made $800 million in its first 24 hours and $1 billion in three days, the fastest entertainment product to reach that mark. The article suggests GTA 6 could beat these benchmarks. That is the American outlet's own view, not an announcement. Sensor Tower updates its estimates weekly, so a new reading should land before launch. All release and price details are on our release page.
Read also GTA 6: $751 million in digital pre-orders, Sensor Tower estimates
On Monday, Take-Two speaks to investors for the first time with the launch within reach. Nothing says the publisher will give preorder numbers: Yahoo Finance describes a possibility, not a promise. If figures come out, they will be the first straight from the publisher, to compare with Sensor Tower's $751 million estimate. We will update as soon as the release is out.
Sources finance.yahoo.com
Reported Reported by the press, not confirmed by Rockstar
By Solange Rocheval · GTAVIFRANCE newsroom
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