Take Two Interactive Stock Downgraded over GTA 6 Delay Concerns, Not over $900,000,000 Loss
Concerns over GTA 6 being delayed has caused Rockstar's parent company Take Two Interactive's stock to be downgraded by analysts as they tell people to pay more for it as the company projects losses of over $900,000,000.
References
Barrons Take Two Stock downgraded
https://www.barrons.com/articles/disney-stock-activists-peltz-trian-04673b56
Investopedia Take Two Stock Downgraded
https://www.investopedia.com/take-two-drops-as-bofa-downgrades-stock-on-concerns-of-grand-theft-auto-vi-delay-8412185
Take Two Q224 earnings report
https://ir.take2games.com/static-files/1da53a36-d601-415a-9b33-1d83e845240c
$70 = $49 = 40,816,326.53 copies to cover dev costs
$150 = $105 = 19,047,619.05 copies to cover dev costs
$500,000,000 yearly, so 4 years to break even
...the game shipped 23 million copies in 2018, generating US$1.38 billion in revenue, and sales reached 29 million in 2019, 36 million in 2020, 43 million in 2021,] 50 million in 2022, and 57 million by September 2023.
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