Take-Two Interactive’s (TTWO) Rockstar Games released the first trailer for Grand Theft Auto VI early after it was leaked. Now, it’s already set to break records on YouTube.
Oppenheimer Senior Analyst of Emerging Technologies and Services Martin Yang joins Yahoo Finance Live to take a closer look at what the response to the trailer could indicate for the stock. Hang notes that there is no direct point of reference to suggest potential sales, but there are “indirect signals” such as likes, which have far exceeded past trailers.
However, the game will not be released until 2025. Is it too soon to buy Take-Two now? Yang says no, “we’re happy to hold a stock and buy the stock now,” noting that this is just the first trailer. As there is more promotion for the game and details released about gameplay, investors will be able to get a better idea of how the game will deliver long-term results for Take-Two Interactive.
#GTA #youtube #gaming
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This game needs to make $2B
GTA V made 1 billion dollars in its first 3 days of release. This game is going to earn mountains of money. It will have absolutely no problem making 2 billion in probably less than a month.
This game will make well over 2B from sales alone. It’ll make over 8B in microtransactions.
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