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In this photo illustration, a Grand Theft Auto VI logo seen...
(Mateusz Slodkowski/Getty Images)
Great Expectations

“GTA 6” has to follow one of the bestselling video games of all time

The predecessor of “GTA 6” was just behind “Tetris” and “Minecraft” in all-time sales.

Claire Yubin Oh

Amid a postpandemic hangover for the wider industry, video game makers are taking a leaf out of Hollywood’s playbook, hoping that sequels and reboots can propel the industry back to growth.

Strategy heavy “Civilization VII” is out officially tomorrow, Medieval favorite “Kingdom Come: Deliverance II” hit the (mostly digital) shelves a week ago, and the OG “The Sims” will be rereleased in celebration of the franchise’s 25th anniversary.

But none of those high-profile games carry the weight of expectation that “Grand Theft Auto 6” will shoulder when it debuts this fall. Even just the confirmation that the game will come out this year was enough for the share price of owner Take-Two Interactive to soar last week.

Predicted to make $3.2 billion in sales in its first 12 months, the latest of the GTA series will easily be the biggest debut of the year, following after its predecessor, which sold 210 million copies, ranking as the third-most-sold video game of all time according to data compiled by GameSpot

Top 10 games sold ever
Sherwood News

Given how much the industry has moved on since GTA 5, breaking into this top 10 and unseating classics like the “Super Mario” series from Nintendo — games that were often bundled with the company’s popular hardware products — will be a monumental task. Indeed, as the supply of video games has exploded, even megahits like Microsoft’s open-world game “Minecraft” have topped out at roughly 300 million sales, which is why iconic block-sorting game Tetris is likely to top this list for decades.

Consoling

Gaming companies have been reporting lackluster earnings in February: a disappointing outlook from Roblox pushed its shares down on Thursday, Electronic Arts’ “EA Sports FC 25” is underwhelming gamers, and Nintendo’s Switch sales are slipping, too.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

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