Take-Two Shares Dip as GTA VI Release Delayed

Published 2 hours agoTTWO

Take-Two Shares Dip as GTA VI Release Delayed

Take-Two Interactive experienced a drop in its share price following the announcement that Grand Theft Auto VI's release has been pushed back. Rockstar Games, a subsidiary of Take-Two, revealed that the much-anticipated game will now launch on May 26, 2026, nearly a year later than its initially planned autumn 2025 release, as reported by FT.com.

The delay has led to a 7% decrease in the company's stock, reflecting investor unease. The setback is also expected to impact the overall growth projections for the console gaming industry in 2025, as GTA VI was projected to earn around $3 billion in its first year. The game, which has been in development for over a decade since the last trailer release in December 2023, is hunting for extra time to ensure high-quality standards, according to Rockstar Games.

Despite the delay, Take-Two remains optimistic about its financial outlook. The company continues to project increased net bookings for the current and subsequent fiscal years. Analysts also note that this postponement might temporarily ease competition, possibly benefiting other game publishers in the interim.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Inter & Co Rides High on Analyst Upgrades and Strong Earnings

Inter & Co Rides High on Analyst Upgrades and Strong Earnings

19 minutes agoINTR

Inter & Co, Inc. (NASDAQ: INTR) is witnessing a boost in its stock performance, gaining attention with key developments. Recently, JPMorgan Chase & Co. upgraded the company's rating from 'neutral' to 'overweight' and set a new price target of $8.50, suggesting a potential 36% upside. Alongside this analyst boost, the company’s shares have shown an impressive year-to-date performance of 33.70%, attracting investor interest. In the third quarter of 2024, Inter & Co reported earnings of $0.10 per share, which surpassed the Zacks Consensus Estimate of $0.08 per share. The revenue for the same period hit $302.29 million, beating expectations by 14.60%. These strong financial results underpin the company's robust market position. Additionally, strategic expansions, such as the acquisition of Granito, have bolstered its growth, particularly in the U.S. market. Inter & Co is also making strides with its super app, Banco Inter, which now boasts over 35 million users across the Americas. This innovative platform offers a wide range of financial services, reinforcing the company's competitive edge. As its stock currently trades at $6.56 with intraday highs reaching $6.75, Inter & Co continues to capture attention as a notable player in the financial sector.

Uber Expands Autonomous Vehicle Partnerships in U.S. and Beyond

Uber Expands Autonomous Vehicle Partnerships in U.S. and Beyond

34 minutes agoUBER

Uber is making significant strides in its autonomous vehicle services, as highlighted by a series of recent partnerships with major industry players. In a landmark move, Uber announced a multiyear strategic agreement with Cruise, a General Motors subsidiary, aiming to integrate Cruise's autonomous vehicles into the Uber app. This collaboration is set to offer driverless rides in multiple U.S. cities starting in 2025. In addition to its partnership with Cruise, Uber has also strengthened its ties with Waymo. As reported by investor.uber.com, the ride-hailing giant will bring Waymo's fully autonomous, all-electric Jaguar I-PACE vehicles to Austin and Atlanta. Set to begin in early 2025, this initiative will enable Uber to manage and dispatch a fleet of these vehicles, further cementing its position in the autonomous ride-hailing sector. Moreover, Uber has partnered with Chinese electric vehicle manufacturer BYD to launch a global robotaxi service. This ambitious plan will introduce 100,000 BYD vehicles to Uber's platform over the next few years, initially targeting markets in Europe and Latin America. Despite these major partnerships, there are no current collaborations announced between Uber and Momenta for robotaxis in Europe.

Duolingo Stock Soars as AI Features Boost Revenue and User Growth

Duolingo Stock Soars as AI Features Boost Revenue and User Growth

49 minutes agoDUOL

Duolingo's stock has surged following its impressive first-quarter earnings, bolstered by the successful integration of AI-powered features. The company reported a remarkable 45% increase in total revenue, hitting $167.6 million. This strong financial performance was accompanied by a notable 54% growth in paid subscribers, reaching 7.4 million by the end of the quarter, as detailed by Nasdaq. Additionally, daily active users saw a similar 54% increase, climbing to 31.4 million, indicating enhanced user engagement with the platform. The company's performance can be attributed to the introduction of Duolingo Max, a new AI-driven subscription tier. This feature allows users to engage in video call-based natural conversations, significantly enriching their learning experiences. The integration of these advanced AI tools seems to have resonated well with users and investors alike. As reported by Reuters, the positive reception of these AI initiatives led to a 13% rise in Duolingo's shares during after-hours trading, underscoring investor confidence. With the education sector increasingly embracing technology, Duolingo's strategic push into AI places it at a competitive edge. By focusing on advancing user experiences through innovation, the company continues to solidify its position as a leader in the digital learning industry.

Apple Approves Spotify Update Including External Links Post-Court Ruling

Apple Approves Spotify Update Including External Links Post-Court Ruling

1 hours agoAAPL

Apple has approved an updated version of Spotify's U.S. app, allowing the popular music streaming service to include external links for subscription purchases. This approval follows a U.S. court ruling that found Apple in contempt of a previous injunction demanding more competition in its App Store policies, as reported by Reuters. The update, which Spotify submitted, enables users to subscribe directly through Spotify's own website, circumventing the App Store's commission fees. This comes after U.S. District Judge Yvonne Gonzalez Rogers ruled that Apple's actions were in contempt of a 2021 injunction designed to increase competition for app distribution and purchasing. Despite Apple's intent to appeal, the company has nonetheless complied with the ruling by approving the update. Spotify has consistently criticized Apple's commission structure, expressing that the recent update marks a victory for greater transparency and consumer choice. The market reacted positively to the announcement, with Reuters noting a 6% rise in Spotify's shares, suggesting increased investor confidence in the company's competitive positioning.