GTA 6 Preview Crashes Streams as $260 Million in Preorders Lifts Take-Two 2.5%
Updated
Updated · CNBC · Aug 28
GTA 6 Preview Crashes Streams as $260 Million in Preorders Lifts Take-Two 2.5%
3 articles · Updated · CNBC · Aug 28
Summary
$260 million in estimated global preorders underscored demand for GTA 6 after its first official preview strained Netflix and Twitch, with some viewers hitting access errors and refresh loops.
Take-Two shares rose 2.5% in premarket Friday as analysts said reaction to the gameplay debut was largely positive and showed earlier leaks were unlikely to dent the launch commercially.
The Nov. 19 release for PlayStation 5 and Xbox Series X/S is now seen as capable of generating $4.5 billion in sales by launch week, reinforcing expectations that it could rank among the most profitable entertainment releases ever.
Wells Fargo still warned the trailer alone may not justify a lasting rerating, saying Take-Two also needs positive news on GTA Online and still faces risks of a delay or weaker-than-expected sales.
GTA 6 arrives as publishers hope it can revive a weak console market, with U.S. hardware sales down to $282 million in July and Xbox Series X pricing up to $800.