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TTWO
Business Insider
96 days

Take-Two CEO calls 'Grand Theft Auto VI' the 'most-anticipated entertainment property of all time'

1. Take-Two's 'GTA 6' delay viewed as a worthy investment by CEO. 2. Stock dropped 8% after the game's delay announcement. 3. CEO emphasizes upcoming games like 'Borderlands 4' for future optimism. 4. 'GTA VI' called the most anticipated entertainment property ever. 5. Company's forecast fell short partly due to 'GTA VI' delay.

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FAQ

Why Bearish?

The delayed release has historically caused significant stock fluctuations for TTWO. Past major game delays often resulted in negative market reactions, impacting revenue projections.

How important is it?

The article discusses significant delays impacting revenues, making it crucial for investor sentiment. The direct link to 'GTA VI' affects TTWO's market position and future growth.

Why Short Term?

The immediate reduction in stock price suggests a short-term impact. However, future earnings might stabilize with successful game launches.

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