Grand Theft Auto trailer hits early
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 5 December 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Show Notes
U.S. strong buy ideas for the next 12 months
Starbucks falls again as concerns rise that holiday quarter may be weak
Episode transcripts seekingalpha.com/wsb.
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis. |
| 0:11.0 | Good afternoon. Today is Tuesday, December 5th, and I'm your host, Kim Khan. Our top story so far. |
| 0:17.0 | A leak of the trailer for Grand Theft Auto 6, several hours early, forced Take-Too Interactive to release the full trailer ahead of time, and that surfaced |
| 0:25.0 | an unwelcome detail for gamers and investors. The trailer says the long-awaited game is slated for release |
| 0:31.0 | in 2025. Many on social media had expected the game to be released in 2024. |
| 0:37.0 | Take 2 gap down initially in pre-market and shares are still lower. |
| 0:41.0 | The later than expected release of the game is likely to impact the company's sales in the coming fiscal year. |
| 0:47.0 | Take-2 recently updated its multi-year guidance, expecting slightly but not materially less than $8 billion in net bookings in fiscal 2025 |
| 0:55.5 | compared to over 8 billion previously. On Friday, Rockstar, a subsidiary of Take 2, |
| 1:02.0 | announced the trailer would be released on December 5th at 9 a.m. Eastern time. |
| 1:06.0 | But a leak posted to Twitter forced the publisher to release the trailer late Monday night. |
| 1:11.0 | The new game, set in Vice City City is set to come to PlayStation 5 and Xbox |
| 1:16.2 | series X and S, but there is no mention about PC or mobile editions. Rockstar founder Sam Hauser says Grand Theft Daughter 6 continues our efforts to push the limits |
| 1:27.0 | of what's possible and highly immersive story-driven open-world experiences. |
| 1:31.8 | We're thrilled to be able to share this new vision with |
| 1:33.6 | players everywhere. |
| 1:35.0 | Oppenheimer analyst Martin Yang said the trailer showed a game with quality |
| 1:39.0 | beyond expectation despite the prior leaks and high standards set by previous releases from Rockstar. |
| 1:45.0 | He also said the first trailer made YouTube history, becoming the fifth most viewed video of the day. |
| 1:50.0 | In today's training, the major action is in the bond market with stocks mixed. |
| 1:55.0 | The Nas deck leads the S&P and Dow as the Magnificent Seven try and break out of their slump. |
| 2:00.0 | Yields are falling as the latest job openings and labor turnover survey or jolts report |
... |
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