Take-Two Interactive (NASDAQ: TTWO) stock is moving higher on Wednesday following the announcement by video game developer Rockstar Games, a subsidiary of Take-Two, regarding its 25th-anniversary plans.
In a series of posts on social media, Rockstar Games, led by its President and Co-Founder Sam Houser, revealed: "We are very excited to let you know that in early December, we will release the first trailer for the next Grand Theft Auto."
Take-Two is set to release its Q3 financial statement on Wednesday after the market's close, analysts expect the company to report an EPS of $1.04 and revenue of $1.41 billion. Benzinga's analyst ratings data shows a consensus Outperform rating on TTWO.
GTA 6: Online Sensation
The Grand Theft Auto series has a proven track record of highly successful releases, with Grand Theft Auto V, the last mainline entry, selling 185 million copies since its 2013 debut.
The recent announcement from Rockstar Games has generated significant attention on social media, with fans eagerly anticipating the upcoming trailer.
As of the time of publication, the official Rockstar Games Twitter account's announcement tweet has garnered approximately 30 million views, over 670,000 Likes, and 275,000 Retweets.
On Facebook, the same announcement has been shared almost 50,000 times, with nearly 134,000 reactions and over 17,000 comments.
Additionally, on Instagram, Rockstar Games' post has received over 940,000 Likes and nearly 31,000 comments.
What We Know About GTA 6 So Far
Official Release Date: There is no official release date for "GTA 6." However, indications suggest a potential launch between April 1, 2024, and March 31, 2025, aligning with Take-Two Interactive's fiscal year.
Platforms: "GTA 6" is expected to be available on PlayStation 5 and Xbox Series X|S, with a potential PC version, although unconfirmed. Platforms like Nintendo Switch, PlayStation 4, and Xbox One have not been confirmed.
Development Confirmation: Rockstar Games officially confirmed the development of GTA 6 in February 2022, emphasizing their commitment to advancing the series.
Setting And Characters: The game is rumored to return to Vice City, a fictional Miami, and may expand with new missions and cities over time. The story is said to feature two protagonists named Lucia and Jason, with Lucia potentially becoming the first female playable character in the series. Rockstar is also focusing on more thoughtful satire.
Gameplay Elements: In September 2022, a leak showcased gameplay elements, including advanced NPC driver technology. Rockstar North, the studio behind the mainline GTA titles, is developing "GTA 6," in collaboration with Cfx.re, known for their "GTA 5" roleplay server mods.
Realistic Water Physics: Recent leaks suggest that "GTA 6" is pushing the boundaries of simulated water physics to new levels of realism. Rockstar's in-house RAGE engine is being enhanced for this purpose.
Caution Regarding Rumors: The gaming community has seen a surge in online rumors and leaks about GTA 6, including claims of massive file size, exorbitant pricing, and an exceptionally large game map. It is advisable to exercise caution and rely on trusted sources for accurate information, as many of these rumors lack credibility.
Price Action: Shares of Take-Two were up 7.0% to $145.96 at the time of publication Wednesday.