Take-Two's value rises before GTA VI ships
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What the chart shows
Take-Two told investors on Tuesday that Grand Theft Auto VI pre-orders are running far above what it expected, without saying how far, and the shares rose. The quarter it reported fell short: net bookings dropped 18% to US$1.6 billion, under its own guidance.
On the chart, the columns are revenue for each year to March and the line is what the market valued the company at. Revenue went from US$3.5bn to US$6.7bn between the years to March 2022 and 2026. The market value went from US$17.7bn to US$42.0bn by 10 November, and that reading predates Tuesday's rise.
The game launches on 19 November. Take-Two has guided December-quarter bookings to between US$3.4 billion and US$3.5 billion, and held its full-year forecast at US$8 billion to US$8.2 billion.
The story behind it
Take-Two rose 8% on a pre-order number nobody outside the company has seen Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →The numbers
Two scales, both US$bn: revenue by year to March (left), market value at each year end (right). The latest, US$42.0bn on 10 November, predates Tuesday's rise.
| Revenue, US$bn | Market value, US$bn | |
|---|---|---|
| FY22 | 3.5 | 17.7 |
| FY23 | 5.3 | 20.1 |
| FY24 | 5.3 | 25.3 |
| FY25 | 5.6 | 36.6 |
| FY26 | 6.7 | 36.6 |
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
