Latest news with #StraussZelnick
Time of India
17-07-2025
- Entertainment
- Time of India
GTA 6 to shatter records with $7.6 billion revenue in just 60 days? Here's what expert says
Grand Theft Auto VI is anticipated to break all the previous records in the gaming world so far, both in terms of sales and revenue. Analytics is predicting over $7.6 billion in revenue within just two months of its official release date. Moreover, the gaming venture capital firm Konvoy expects Rockstar Games' highly anticipated title to break industry records, potentially generating $7.6 billion in its first 60 days. This forecast has been made by Konvoy managing partner Josh Chapman (as reported by Insider Gaming). The figure includes earnings from standard game sales as well as revenue from GTA+, Rockstar's premium in-game subscription service. GTA 6 is poised to set new industry records According to Konvoy, GTA 6 could sell up to 85 million copies within the first two months, and that is all because of the worldwide audience and fan base. The firm describes the game's launch as potentially the 'biggest video game release ever,' forecasting the record-breaking numbers in sales, player engagement, and streaming viewership. Part of this forecast assumes a higher retail price as compared to the earlier titles. While GTA 5 was launched at $59.99, Konvoy anticipates GTA 6 will be priced around $80, reflecting inflation and the increasing cost of game development. This analysis also hints at a possible rise in the multiplayer scale, with speculation that GTA 6 could feature online lobbies for up to 200 players. According to the report, Take-Two Interactive, the parent company of Rockstar, may break even within 30 days after launch, given the anticipated $2 billion in development expenditures. This would be a remarkable return on investment, demonstrating the Grand Theft Auto franchise's commercial strength. GTA 6 release date update The wait for Grand Theft Auto 6 has been prolonged, despite all the excitement. The official release date of the title has been rescheduled from earlier this year to May 26, 2026. "Delays pain me—how could they not?" said Strauss Zelnick, CEO of Take-Two Interactive, in response to the delay.
Yahoo
04-06-2025
- Business
- Yahoo
TTWO Q1 Earnings Call: Revenue Misses Expectations, Guidance Highlights Mobile and Franchise Momentum
Video game publisher Take Two (NASDAQ:TTWO) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 13.1% year on year to $1.58 billion. Its GAAP loss of $21.08 per share decreased from -$17.02 in the same quarter last year. Is now the time to buy TTWO? Find out in our full research report (it's free). Revenue: $1.58 billion (13.1% year-on-year growth) Adjusted Operating Income: $252.8 million vs analyst estimates of $271.8 million (16% margin, 7% miss) Revenue Guidance for Q2 CY2025 is $1.38 billion at the midpoint, above analyst estimates of $1.31 billion EPS (GAAP) guidance for the upcoming financial year 2026 is $0.17 at the midpoint, missing analyst estimates by 82.3% EBITDA guidance for the upcoming financial year 2026 is $535 million at the midpoint, below analyst estimates of $1.97 billion Adjusted EBITDA Margin: 18.5% Market Capitalization: $42 billion Take-Two's first quarter results were shaped by a mix of new game launches across its core labels and ongoing strength in established franchises. Management credited the launch of Sid Meier's Civilization VII, WWE 2K25, and PGA TOUR 2K25, as well as strong engagement from NBA 2K and Grand Theft Auto titles, for driving revenue growth. CEO Strauss Zelnick highlighted that NBA 2K25 saw a 7% year-on-year increase in units sold, with engagement metrics like daily active users and average games per user up significantly. The company also noted robust performance from mobile subsidiary Zynga, especially new titles like Match Factory and Color Block Jam, both of which contributed to higher recurrent consumer spending. CFO Lainie Goldstein attributed the quarter's margin pressures to higher development costs for unreleased titles and noted a partial goodwill impairment charge tied to updated long-term expectations for one business unit. Looking forward, management emphasized a pipeline of major releases and a continued focus on operating efficiency as key to future growth. Take-Two expects NBA 2K, Grand Theft Auto, and new launches such as Mafia: The Old Country and Borderlands 4 to be the primary drivers for the year ahead. Zelnick stated, 'We expect sequential growth for both this year and next, even before Grand Theft Auto VI is released.' Goldstein pointed to a modest increase in operating expenses, mainly for marketing upcoming titles, but assured investors that expense growth is expected to lag behind revenue growth. Management also signaled that the share of direct-to-consumer revenue should expand, aided by recent court rulings, and cautioned that mobile trends may moderate due to the maturity of certain Zynga titles. Management attributed the quarter's performance to strong franchise engagement, new title launches, and stabilization in mobile, while margin headwinds stemmed from higher development costs and a goodwill impairment. NBA 2K engagement surge: NBA 2K25 outperformed internal forecasts, with unit sales up 7% over last year and significant gains in user engagement metrics; management credited improved features and a focus on core player demands. Mobile titles drive growth: Zynga's new games, including Match Factory and Color Block Jam, achieved profitability quickly and contributed to both net bookings and engagement; management cited the multi-studio approach as a competitive advantage. Recurrent spending momentum: Recurring in-game purchases across NBA 2K, Grand Theft Auto Online, and mobile titles grew 14% year-on-year, now accounting for 77% of net bookings in the quarter, with NBA 2K's in-game monetization up over 40%. Cost and margin pressures: Operating expenses rose due to higher development outlays for games not yet released, with Goldstein noting that a $3.6 billion impairment hit operating margins, partly reflecting updated expectations for Zynga. Direct-to-consumer channel expansion: The company highlighted growing direct-to-consumer sales, especially in mobile, and expects recent court decisions to further reduce third-party distribution costs and allow more direct customer relationships. Take-Two's outlook is anchored by major new title launches, franchise strength, and a focus on cost control amid moderating mobile trends. New game pipeline: Management expects Mafia: The Old Country and Borderlands 4, along with annual sports iterations, to drive sequential growth and maintain player engagement ahead of Grand Theft Auto VI's release. Operating efficiency initiatives: Cost discipline through a previously announced reduction program is intended to offset rising development and marketing costs, with management aiming for operating expense leverage as net bookings grow. Mobile market headwinds: While Zynga's recent hits support optimism, Goldstein warned that some mature mobile titles may see softer trends, potentially moderating overall mobile segment growth despite ongoing investment in new launches. In the coming quarters, the StockStory team will be watching (1) player response and engagement metrics for new releases like Mafia: The Old Country and Borderlands 4, (2) the performance and monetization trajectory of Zynga's recent and upcoming mobile launches, and (3) the ramp-up of direct-to-consumer initiatives as regulatory and legal changes unfold. Execution on operating efficiency and the lead-up to Grand Theft Auto VI remain key markers of progress. Take-Two currently trades at a forward EV/EBITDA ratio of 19.4×. In the wake of earnings, is it a buy or sell? The answer lies in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
04-06-2025
- Business
- Business Insider
Take-Two CEO sells $48.9M in common stock, CFO sells $8.9M in common stock
In a regulatory filing, Take-Two (TTWO) disclosed that its CEO Strauss Zelnick sold 216.7K shares of common stock on May 30th in a total transaction size of $48.9M and its CFO Lainie Goldstein sold 39.7K shares on May 30th in a total transaction size of $8.95M. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Time of India
27-05-2025
- Entertainment
- Time of India
GTA 6: Redditor recreates Grand Theft Auto VI screenshots in Cyberpunk to compare graphics, viral post sparks debate
Rockstar Games has finally released its second trailer of GTA 6, a.k.a. Grand Theft Auto VI, in May 2025, after a long wait. The trailer 2 for GTA 6 is believed to be the biggest video launch in history, with over 475 million views in its first 24 hours across all platforms. Well, apart from the praises of the second trailer, the studio also released multiple screenshots, fresh artworks from the game and updated its website too. Following this fresh content, it has sparked more new theories, speculations and rumours until the game is finally launched in 2026, as per recent announcements made by Rockstar's parent company, Take-Two CEO Strauss Zelnick. Credit: Reddit Redditor recreated GTA 6 screenshots in Cyberpunk 2077 Amid the wait till 2026 for the final launch of GTA 6's second trailer, a Redditor has recreated some of the latest GTA 6 screenshots in Cyberpunk 2077, and the difference between the two looks insane. The user NPO1 posted the pictures showcasing the comparisons in the Cyberpunk Subreddit and stated that GTA 6's skin textures and subsurface scattering are phenomenal. "Cyberpunk really has those plasticky looking skin textures, a major upgrade in my opinion but we also have to keep in mind that Cyberpunk 2077 was designed to run on base PS4 and by the time GTA 6 releases it will be six-years-old, considering that I think it still holds up as one of the most amazing visuals in video games we have ever seen in this generation," the post caption added. I recreated GTA6 screenshots in Cyberpunk 2077 to compare their graphics byu/NPO1 incyberpunkgame Fans react to the comparisons between GTA 6 and Cyberpunk As soon as the post surfaced on social media, fans quickly shared their reactions to the post and shared their thoughts on the same. One wrote, "Damn bro, the efforts are crazy, you deserve a bow *bows down." Comment byu/NPO1 from discussion incyberpunkgame "Hairs in GTA seem crazy. Curious to see if that holds up in release, and what kind of graphic power it will require to run," another said. Comment byu/NPO1 from discussion incyberpunkgame While commented, "I can't be alone in thinking that CYberpunk looks bloody amazing for a 2020 game.. It shows its age more in the gameplay department and I'm sure Rockstar will deliver a true Next Gen experience as always. Two bloody amazing titles at the end of the day, but I think rockstar will always be #1!" "That glass in the final shot is the biggest difference lol. Small props like that are unusually bad and low detail in Cyberpunk." Comment byu/NPO1 from discussion incyberpunkgame "Games have better graphics every past year. It is good to see those improvements. Also expecting a great graphics move from Cyberpunk Orion as well." To stay updated on the stories that are going viral, follow Indiatimes Trending.
Metro
27-05-2025
- Entertainment
- Metro
GTA 6 will be out this time next year - or at least that's the plan
The delay for GTA 6 may have contributed to Avengers: Doomsday switching dates, although plenty of fans don't think the game will meet its May launch date. It was always an act of optimism to expect GTA 6 to launch this year, despite Take-Two's assurances it would meet the initial autumn 2025 release window. As such, news of GTA 6's delay was disappointing but not all that surprising. What was surprising, though, was that Rockstar Games and Take-Two immediately committed to an exact release date. Knowing precisely when it'll launch should make the wait a little easier, especially as by this time next year it'll already be out… hopefully. GTA 6 is scheduled to release on May 26, 2026. It being a Tuesday isn't ideal for anyone who has to go to work, instead of enjoying the game all day, but now that we have that date, it's worth booking your time off now. It's obviously going to be a massive game, so seven straight days of playtime will ensure you don't fall behind in the conversations that will undoubtedly dominate online circles. While Take-Two CEO Strauss Zelnick has tried to downplay the possibility, it's entirely possible GTA 6 will be delayed a second time, especially since previous Rockstar games, like Red Dead Redemption 2, saw multiple delays as well. Some fans are very much preparing themselves for more upset. In a thread on the GTA subreddit, positing how fans would react to a second delay, Redditor HizzOVizzA admits they are expecting it to happen, with more than a handful agreeing. 'My advice to you younger folks. Just don't even think about it. I obsessed over GTA 5 for the two years in between the release date and the launch. Same with Red Dead,' says PapasGotABrandNewNag, adding, 'They both exceeded my expectations. It will be worth the wait.' Rouni_99 also suspects, 'We only got the date so we can feel little bit better, since the game is so highly anticipated. I'd be more surprised if the game actually releases in May rather than faces another, shorter delay.' It's not just fans; other publishers suspect GTA 6 will be delayed again, with a recent report alleging that the game's new release date sparked 'emergency meetings' among companies that planned to launch new games in 2026. Given how monumental the launch of a new GTA game is in the world of entertainment as a whole, it's likely GTA 6's release date has had a ripple effect on more than just the games industry. You just have to look at GTA 6's second trailer. When it dropped, it reportedly saw more views in 24 hours than any movie trailer ever made. The previous record holder? Marvel movie Deadpool & Wolverine. More Trending There are even suspicions that GTA 6's delay contributed to the delay of 2026's big Marvel crossover movie Avengers: Doomsday, which was initially meant to hit cinemas on May 1. According to Deadline, Disney has pushed the movie back to December 18, with the sequel Avengers: Secret Wars also delayed from May 7, 2027, to December 17. No official reason was given, but Disney will certainly be aware of GTA 6's release date and they'll know that even the Avengers isn't as big as a new Rockstar game. After all, if everyone's at home playing the game, that's less people going to the cinema. Email gamecentral@ leave a comment below, follow us on Twitter, and sign-up to our newsletter. To submit Inbox letters and Reader's Features more easily, without the need to send an email, just use our Submit Stuff page here. For more stories like this, check our Gaming page. MORE: Take-Two boss has zero interest in playing GTA 6: 'I'm not a gamer' MORE: GTA 6 is 30fps and 'too big' for Switch 2 claim tech experts MORE: GTA 4 remaster coming to PS5 this year claims insider
