1659 ET - Take-Two CEO Strauss Zelnick says on a call with analysts that affording Rockstar Games more time to work on "Grand Theft Auto VI" is a worthy investment. Consumer anticipation for the game, now set for release next May, is unprecedented, he says. A new trailer for the game released last week "shattered records to become the biggest video launch of all time, with over 475 million views in 24 hours," Zelnick says, adding that a song featured in the trailer saw its streams surge on Spotify following its release. The company expects the game to do boffo business upon its release in the company's fiscal 2027, with Zelnick forecasting "record levels of net bookings that will establish a new baseline for our business and set us on a path of enhanced profitability." Shares fall 2.7% after the company's fiscal 2026 outlook misses estimates. (connor.hart@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 16:59 ET (20:59 GMT)
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