markets

Max Knoblauch8/7/25

Take-Two climbs on strong revenue and outlook as the industry dreams of “GTA 6”

Shares of video game juggernaut Take-Two Interactive climbed in after-hours trading on Thursday, following the release of the “Grand Theft Auto” maker’s fiscal Q1 earnings report for the quarter that ended in June.

Some of the highlights:

Loss per share of $0.07, compared to a loss of -$1.52 in the same quarter a year earlier.
First-quarter sales of $1.5 billion, ahead of Wall Street’s $1.32 billion estimate.
Take-Two’s mobile gaming segment continued to drive revenue, amounting to 53% of sales compared to console gaming’s 37% and PC gaming’s 10%.
Take-Two boosted its full-year sales guidance to between $6.1 billion and $6.2 billion. (The company previously guided for $5.95 billion to $6.05 billion.) Analyst expectations had full-year revenue at $6.05 billion.

“GTA 6” is expected to drop in the first quarter of Take-Two’s fiscal 2027 (May 26, 2026), and analysts expect the game to absolutely crush. The Wall Street consensus for Take-Two’s Q1 sales next year is $3.48 billion, representing a 163% spike from this quarter’s results.

As of market close Thursday, Take-Two shares are down about 4% since May 1, the day before it announced it would delay “GTA 6.”

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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