BUZZ-Roblox leads gaming stocks in 2024; Take-Two gears up for 'GTA VI' launch
Roblox RBLX.N leads gaming stocks with 28% share price gains this year; co's free-to-play model has been attracting significant consumer spending on its platform despite wider slowdown in gaming activity
RBLX was also targeted by short-seller Hindenburg Research in October 2024, who alleged the gaming platform inflated metrics including user numbers and engagement
Take-Two Interactive Software's TTWO.O shares are set to gain ~15% this year; co is benefiting from strong performance of its "Grand Theft Auto" and "Borderlands" franchises
TTWO is also set to launch its highly anticipated "GTA VI" in fall 2025, which analysts say could be a catalyst for current-generation console adoption; co's fiscal 2026 pipeline includes titles like "Borderlands 4" and "Mafia: The Old Country"
Shares of Electronic Arts EA.O are up ~7% this year; EA's sports titles "Madden NFL" and "College Football" show strong engagement
Gaming firms including TTWO, EA and Japan's Sony 6758.T announced layoffs this year to navigate a challenging environment, marked by sticky inflation, as they focus on profitability
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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