Take-Two Interactive shares surged as much as 9.4% in pre-market trading Wednesday, as investors received the first confirmation that the next installment in the Grand Theft Auto franchise is on the horizon.
The first trailer for the next game, referred to by fans as GTA VI or GTA 6, will be released in December.shares surged as much as 9.4% in pre-market trading Wednesday, as investors received the first confirmation that the next installment in the Grand Theft Auto franchise is on the horizon. The company is slated to report its fiscal second-quarter earnings after the bell.
Earlier this year, the company signaled that 2024 and beyond would be a"significant" period for the company."We continue to believe we are positioning our business for a significant inflection point in fiscal 2025," Take-Two CEO Strauss ZelnickInvestors and consumers alike have long awaited the release of the next Grand Theft Auto game.
In August, when the company reported its fiscal 2024 first-quarter earnings, total net bookings grew 20% year-over-year to $1.20 billion. Among the largest contributors, the company said in a release, were Grand Theft Auto Online and Grand Theft Auto V.