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Take-Two Market Value Falls Billions as GTA 6 Leaks and company moves stir investors

Alleged GTA 6 gameplay leaks this week coincided with Take-Two shares sliding from roughly $245 to $236, trimming billions off the company's market capitalization. The company also reported a quarterly loss of more than $30 million and its CEO, Strauss Zelnick, sold $10 million in shares. Institutional activity included the Ontario Teachers' Pension Plan buying nearly 150,000 shares worth over $37 million. GTA 6 has a major reveal — an extended trailer on Netflix on August 27 — and is due to release November 19 on PS5 and Xbox Series X|S.

• Take-Two shares fell from about $245 at the start of the week to about $236 amid widespread alleged GTA 6 gameplay leaks, reducing the company’s market cap by billions.
• Take-Two reported a loss of over $30 million in the most recent three-month period and declining net bookings.
• CEO Strauss Zelnick sold $10 million in Take-Two stock while the Ontario Teachers’ Pension Plan purchased nearly 150,000 shares worth more than $37 million.
• Rockstar plans an extended GTA 6 trailer on Netflix on August 27 and the game is scheduled to release November 19 on PS5 and Xbox Series X|S; the title has been subject to multiple leaks, including in September 2022.