BUZZ-Take-Two climbs on reiterating 'GTA VI' launch timeline, Q3 EPS beat
Shares of video game publisher Take-Two Interactive Software TTWO.O rise 6.2% to $194.48 before the bell
Co reiterates that "Grand Theft Auto VI", the highly-anticipated entry in the eponymous action-adventure franchise, is set to launch in the fall of 2025
"The lack of news (on GTA VI) had investors concerned that it might slip, so this is good news," – Michael Pachter, Wedbush Securities analyst
Besides "GTA VI", TTWO expects to release "Borderlands 4" and "Mafia: The Old Country" this year
TTWO also reiterated expectation of a rise in net bookings in FY 2026 and 2027, with many analysts expecting that growth to come from "GTA VI"
Reports adj. EPS of 72 cents/share v/s estimates of 57 cents/share – LSEG data
TTWO gained ~8% in the past 12 months, as of last close
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