DIRS.INFO The most relevant business & tech news

☆ Correction: Sony reports 73% jump in operating profit, beating expectations
▼ + stars: | 2024-11-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The Japanese tech giant revised its fiscal year 2025 revenue target up slightly to 12.7 trillion yen. Sony also expects full-year operating profit of 1.3 trillion yen, in line with its previous forecast. That came as Sony saw strength in its game and network services division, which houses its popular PlayStation home console brand. Game and network services revenue at the company came in at 1 trillion yen, up 11% year-over-year. Correction: This story has been updated to reflect that operating income jumped 73% year-over-year in the September quarter.

Persons: — Organizations: Sony, PlayStation, Nintendo, VI

☆ Sony raises guidance on gaming strength, quarterly operating profit beats estimates
▼ + stars: | 2024-11-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The Japanese tech giant revised its fiscal 2025 revenue target up slightly to 12.7 trillion yen. Sony also expects full-year operating profit of 1.3 trillion yen, in line with its previous forecast. That came as Sony saw strength in its game and network services division, which houses its popular PlayStation home console brand. Game and network services revenue at the company came in at 1 trillion yen, up 12% year over year. Sony's gaming division has held up well thanks to a shift to digital game purchases and the PlayStation Plus subscription service.

Persons: — Organizations: Sony, PlayStation, Nintendo, VI

☆ Netflix's new gaming chief shakes up the division with a hire from Epic and layoffs
▼ + stars: | 2024-10-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Netflix's new games president, Alain Tascan, appointed Jeet Shroff as VP of games tech. Shroff, like Tascan, came from Epic Games, where he was VP of games development. Netflix's games division conducted layoffs last week. And only a tiny percent of Netflix's subscribers had played its games as of 2023, per data from analytics firm Apptopia. He added that while games' impact on the business is small, it's also a small part of Netflix's content investment overall.

Persons: Alain Tascan, Jeet Shroff, Shroff, —, he's, Tascan, Mike Verdu, Greg Peters, Peters, it's, Netflix hasn't Organizations: Epic, Netflix, Service, Epic Games

☆ Microsoft will let people buy games through Xbox app on Android in November after Google antitrust ruling
▼ + stars: | 2024-10-10 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Phil Spencer, CEO of Microsoft Gaming, speaks at the Gamescom conference in Cologne, Germany, on Aug. 23, 2023. Microsoft will allow people to buy and play video games through its Xbox app for Android starting in November, the company said on Thursday. The move is an immediate consequence of a U.S. judge ruling on Monday that Google will have to present alternatives to its Google Play app store on Android devices. Currently, people can download games to Xbox consoles through the Xbox app for Android, and those who pay for the Netflix-like Game Pass Ultimate subscriptions can stream games from the cloud in a different app. In March, the U.S. Justice Department filed an antitrust case against Apple that said limiting distribution to the App Store gives the company monopoly power.

Persons: Phil Spencer, Sarah Bond, Bond Organizations: Microsoft Gaming, Microsoft, Google, Epic Games, Xbox, Electronic Arts, Netflix, U.S . Justice Department, Facebook, Meta, Activision, Apple Locations: Cologne, Germany, U.S

☆ Top Wall Street analysts find these stocks promising for the long haul
▼ + stars: | 2024-09-22 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Investors seeking stocks that can withstand short-term pressures and deliver over the long term should track the recommendations of top Wall Street analysts. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Recently, Baird analyst Colin Sebastian reiterated a buy rating on Take-Two Interactive stock with a price target of $172. He anticipates the mobile business will contribute around $3.1 billion, and catalog/live services will generate $2.5 billion in the full year. Benedict noted that the August comparable sales growth was sequentially steady compared to the 7.2% increase in July, as stronger traffic was offset by some moderation in average traffic growth.

Persons: Baird, Colin Sebastian, Max Payne, Sebastian, TipRanks, Peter Benedict, bullish, Costco's, Benedict, Doug Anmuth, Anmuth Organizations: Netflix, Wall Street, Costco Wholesale, Costco, JPMorgan Locations: Flora, TipRanks

☆ Take-Two CEO seems totally over questions about 'Grand Theft Auto 6' release date
▼ + stars: | 2024-06-02 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Take-Two's CEO often gets asked about the release date for "Grand Theft Auto 6." When asked last week about a PC release date, he seemed entirely fed up. RockStar Games has said it plans to release 'Grand Theft Auto 6' on consoles next year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTake-Two's CEO appears to be getting tired of answering questions about when — or if — "Grand Theft Auto 6" will be released.

Persons: — Organizations: RockStar Games, Service, Rockstar Games, PlayStation, Business

Morgan Stanley accompanied the move by cutting its price target to $100 from $120. His $185 price target, up from $160, forecasts that shares of Take-Two could rally 23% from Wednesday's close. — Lisa Kailai Han 5:55 a.m.: Bernstein initiates Ford at an outperform rating Investors who don't own Ford are missing out, according to Bernstein. — Lisa Kailai Han 5:55 a.m.: JPMorgan upgrades Hasbro Don't expect Hasbro's momentum to slow in the near future, according to JPMorgan. It also raised its price target on shares to $74 from $61, implying upside of 22%.

Persons: Bernstein, Morgan Stanley downgrades NetEase, Morgan Stanley, Alex Poon, Poon, Lisa Kailai Han, Omar Dessouky, Dessouky, — Lisa Kailai Han, Sam Poser, Sean Dodge, Dodge, GoodRx, Ford, Daniel Roeska, Roeska didn't, Roeska, Christopher Horvers, Fred Imbert Organizations: CNBC, Ford, JPMorgan, Hasbro, NetEase, Bank of America, Rockstar Games, Rockstar, Supreme, Corp, Trading, EMEA, Timberland, RBC, RBC Capital Markets, pharma, Kroger Locations: China, Wednesday's, Americas

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Ford, Super Micro, Wendy's, Hasbro, Take-Two, Wynn & more
▼ + stars: | 2024-05-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bank of America reiterates Nvidia as buy Bank of America raised its price target on the stock to $1,320 per share from $1,100 following earnings. Deutsche Bank initiates Freshpet a buy Deutsche said it sees "multiple structural tailwinds" for shares of the pet food and health company. Deutsche Bank initiates BellRing Brands as buy Deutsche said it sees a long runway for growth for the food company. " Deutsche Bank initiates Legend Biotech as buy Deutsche said it's bullish on the biotech company's multiple myeloma drug Carvykti. Bank of America reiterates Super Micro Computer as buy Bank of America said Nvidia's earnings report on Wednesday bode well for companies like Super Micro.

Persons: Bernstein, Ford, Morgan Stanley downgrades NetEase, Morgan Stanley, Evercore, BRBR, Wedbush, Jefferies, GDRX, Oppenheimer, Armour, Kevin, Dell, Chubb, Stephens, FHN, Tesla, Argus, it's bullish, bode Organizations: " Bank of America, Nvidia, Bank of America, Deutsche Bank, Deutsche, BellRing Brands, JPMorgan, Hasbro, RBC, Norfolk Southern, NSC, GE Vernova, GE, UBS, Eastman Chemical, Eastman, SAP, underperform Bank of America, Berkshire Hathaway's, of America, Rockstar Games, NextEra Energy Partners, Argus, Wynn, Biotech, Computer Locations: U.S, China, Berkshire, Macau, Las Vegas, 2H24

☆ Take-Two CEO on GTA VI release, upswing in mobile gaming
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTake-Two CEO on GTA VI release, upswing in mobile gamingTake-Two Interactive CEO Strauss Zelnick joins 'Money Movers' to discuss the company's quarterly earnings results, how confident Zelnick is in the guidance for fall 2025, and much more.

Persons: Strauss Zelnick

☆ Cramer likes Applied Materials, but warns it's too early to buy these 2 restaurant stocks
▼ + stars: | 2024-05-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Applied Materials : Shares were slightly higher after the semiconductor equipment company reported better-than-expected results. "They're in the right spot, sweet spot," Jim Cramer said. "Too early to buy," Cramer said, noting the company also expects a few weaker quarters ahead. Robinhood Markets , Coinbase : Bank of America analysts double upgraded Robinhood to buy from underperform, citing rising retail engagement. "And Coinbase, they're talking about bitcoin accelerating.

Persons: Jim Cramer's, Jim Cramer, Gary Dickerson, Cramer, BTIG, it's Organizations: CNBC, Club, Darden, Olive Garden, LongHorn, Texas, Robinhood, Coinbase, Bank of America

☆ 'Grand Theft Auto 6' gets release date in Fall 2025
▼ + stars: | 2024-05-16 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Grand Theft Auto 6 is set to release in Fall 2025, according to Take Two. Take Two's CEO expressed confidence in Rockstar and expects a high commercial impact from the game. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Grand Theft Auto 6," perhaps the most anticipated game of the last decade, finally has a release date after reports of possible delays. Take Two Interactive, the company behind Rockstar Games — which creates "Grand Theft Auto" — announced that "GTA 6" will get a release date sometime in Fall 2025.

Persons: —, Strauss Zelnick Organizations: Service, Rockstar Games, —, Hollywood

☆ Eli Lilly falls on a rival's obesity study — plus, we're removing 3 stocks from our watchlist
▼ + stars: | 2024-05-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Eli Lilly dips: Shares of Eli Lilly are sitting out the rally on news that Swiss pharmaceutical firm Roche 's experimental obesity drug demonstrated promise in a Phase 1 study. "Doug McMillon, the CEO of Walmart, made the point repeatedly that the company's success this quarter came from lower prices," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eli Lilly, Roche, It's, inflect, We're, Doug McMillon, Estee Lauder, Jim, Jim Cramer's Organizations: CNBC, Viking Therapeutics, Club, Deere, Walgreens Boots, Walmart, Costco, Materials, Jim Cramer's Charitable Locations: Swiss, Amgen, China

☆ Netflix gained 9.3 million subscribers this year as it adjusts streaming strategy
▼ + stars: | 2024-04-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —Netflix, the dominant player in streaming, says it grew sales, profits and added more than 9 million subscribers as it revealed first-quarter results on Thursday. In total, Netflix now has 269.6 million subscribers, a record high. In recent months, Netflix has made moves to expand and even radically reinvent its business in an effort to juice profit. In January, Netflix announced it had acquired the exclusive rights to "WWE Raw" live, currently seen on Comcast's USA cable network. In January, Netflix’s president of advertising, Amy Reinhard, shared that Netflix’s ad-tier had more than 23 million users.

Persons: ”, eMarketer, Ross Benes, Wall, Peacock, ” Alicia Reese, “, Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, United States

☆ Netflix is the dominant streaming service. So why is it changing its model?
▼ + stars: | 2024-04-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

CNN —Netflix, the dominant player in streaming, is expected to announce its first-quarter results on Thursday after enjoying months as a Wall Street darling. But much of the company’s past growth and success, analysts say, has come from its old, well-established business model. In recent months, Netflix has made moves to expand and even radically reinvent that business. Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but that paid off. Netflix’s reinventionFor Netflix, last month’s Oscars were a disappointment: Though the streaming service led its rivals in nominations, it took home just one award, for best live-action short film.

Persons: Peacock, ”, Ross Benes, ” Alicia Reese, “, Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, “ I’m, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, eMarketer, United States

☆ Jim Cramer's quick takes on JPMorgan, Tesla, TSMC, Take-Two and Fastly
▼ + stars: | 2024-04-08 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Taiwan Semiconductor Manufacturing Company : The chipmaker gets $6.6 billion from the U.S. government to support to building three plants in Arizona. Take-Two Interactive : The video game stock was upgraded at Citi to buy. Fastly : The stock was upgraded to a buy-equivalent overweight rating at Piper Sandler. The analysts said the company is gaining market share in the core content delivery network market.

Persons: Jim Cramer's, Jamie Dimon's, Jamie Dimon, Jim Cramer, Cramer, Elon Musk, Gina Raimondo, Piper Sandler Organizations: CNBC, Club, JPMorgan, Fargo, Taiwan Semiconductor Manufacturing Company, U.S, Citi Locations: Arizona, America, China, Taiwan

☆ 'Grand Theft Auto 6' production delay might be behind Rockstar Games' return to office mandate
▼ + stars: | 2024-03-24 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Read previewBack-to-work mandates at Rockstar Games are prompting concerns that "Grand Theft Auto 6" might get a later release date than expected. In December, Rockstar Games announced that "GTA 6" would come out in 2025. Still, news that a "GTA 6" release date was so far in the future caused stock prices for Take Two to dip as much as 7% in December. Related storiesNow, Kotaku reported that sources close to the game's development say that progress is slowing and the game's release could "slip" into 2026. Some Rockstar employees told Aftermath they learned they would no longer be able to answer Slack messages and use other work communication tools from home.

Persons: —, Jenn Kolbe, Slack Organizations: Service, Rockstar Games, Business, Kotaku, Rockstar, Bloomberg, Employees

☆ Sony to release a 'Pro' version of the PlayStation 5 this year after cutting outlook, analysts say
▼ + stars: | 2024-02-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

In this article 6758.T-JP Follow your favorite stocks CREATE FREE ACCOUNTSony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty ImagesSony is likely to release a refreshed version of the PlayStation 5 this year, analysts told CNBC, after the company cut its forecast for sales of its flagship console. When this has happened in past console cycles, gaming firms have looked to bring out a refreshed piece of hardware to reinviograte sales. For example, Sony launched a "Pro" version of the PlayStation 4, the previous generation console, around three years after the PS4 was initially launched. Analysts are now expecting a PlayStation 5 Pro from Sony.

Persons: Thiago Prudencio, Serkan Toto Organizations: Sony, Lightrocket, Getty, PlayStation, CNBC, Analysts, Kantan Games Locations: Tokyo

☆ The 'Grand Theft Auto 6' halo effect is causing decades-old GTA games to dominate on Netflix
▼ + stars: | 2024-02-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

AdvertisementPeople are so excited for "Grand Theft Auto 6" that decades-old GTA games are shooting to the top of Netflix's gaming platform. The "Grand Theft Auto Trilogy" — released in 2021 — combines three classic titles from the series: "Grand Theft Auto III," "Grand Theft Auto: Vice City," and "Grand Theft Auto: San Andreas." After Netflix Games added the "Grand Theft Auto Trilogy" to its platform, it quickly became their top games, according to Netflix. Zelnik said the announcement of "Grand Theft Auto 6" in December has had a "halo effect across the entire franchise." Take Two CFO Lainie Goldstein said sales of "Grand Theft Auto V" also "exceeded expectations" last quarter.

Persons: —, Strauss Zelnik, Zelnik, Lainie Goldstein, Goldstein Organizations: Service, Interactive, Rockstar Games, Auto, Vice, Netflix, Netflix Games, Business Daily, Nasdaq Locations: Andreas

☆ Disney’s Bob Iger says the company has turned a corner. The stock is shooting higher
▼ + stars: | 2024-02-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

However, Disney continues to lose money in its streaming service business, though it has cut those losses compared to last year. The announcement of a planned ESPN service comes one day after ESPN, along with Fox Corporate and Warner Bros. it’s pretty dramatic in terms of the amount of time spent in games,” Iger said on CNBC. Disney’s foray into the video gaming space comes as competitor Netflix also ramps up their expansion into video games. In December, Netflix launched three mobile-friendly games from Grand Theft Auto, one of the best selling video game franchises ever.

Persons: CNN —, Bob Iger, Disney, ” Iger, Taylor, ”, Iger, “, Nelson Peltz, ‘ Fortnite, Alpha, Maruf Organizations: CNN, CNN — Disney, Wall, ESPN, Disney, Hulu, CNBC, Netflix, Fox Corporate, Warner Bros ., ‘, Epic Games, Theft Locations: Hulu, India

☆ Take-Two's Rockstar Games unveils 'GTA VI' trailer, to release game in 2025
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

Grand Theft Auto The Trilogy by Take-Two Interactive Software Inc is seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsDec 4 (Reuters) - Rockstar Games, owned by Take-Two Interactive Software (TTWO.O), on Monday released a trailer of the latest installment of its best-selling "Grand Theft Auto" (GTA) videogame franchise, ending a years-long wait. "GTA VI" will be released in 2025, according to the trailer posted to the studio's YouTube channel, after a version was leaked on social media. The teaser for the game came in more than a decade after the launch of its predecessor and will coincide with the 25th anniversary of Rockstar Games. A hack last year released dozens of development videos of "GTA VI", showing footages of robberies, gunplay and open-world driving in what was one of the biggest gaming leaks.

Persons: Andrew Kelly, Grant, Chandni Shah, Sherry Jacob, Phillips Organizations: Inc, REUTERS, Rockstar Games, YouTube, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ Rockstar releases GTA VI trailer after leaks spoil launch
▼ + stars: | 2023-12-05 | by ( Christian Nunley | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRockstar releases GTA VI trailer after leaks spoil launchRockstar Games has unveiled the trailer for its new game, GTA VI. Rockstar planned to release the trailer Tuesday morning, but leaks spoiled the launch. Take-Two Interactive shares plummeted in after-hours trading Monday before stabilizing at the market open Tuesday.

Organizations: VI, Rockstar, Interactive

☆ As the Grand Theft Auto VI trailer drops, Elon Musk says he's never been able to get into GTA because he can't bring himself to commit virtual crimes
▼ + stars: | 2023-12-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

The first trailer for Grand Theft Auto 6 finally arrived on Monday — but Elon Musk isn't a fan. He said he didn't finish GTA 5 as he couldn't bring himself to shoot virtual police officers. GTA 5 is one of the most popular video games of all time, selling 190 million copies since 2015. AdvertisementThe internet is on fire after the first trailer for Grand Theft Auto 6 finally dropped — but Elon Musk is unlikely to be picking up a copy when the game comes out in 2025. AdvertisementThe trailer for Grand Theft Auto 6 was released on Monday, a day earlier than planned after it was leaked on social media .

Persons: couldn't, —, Elon Musk, Musk, Musk's Organizations: Elon, Service, phenomenally, SpaceX, New York Times Locations: Miami

☆ Grand Theft Auto VI publisher's stock tumbles after first trailer reveals the video game won't come out until 2025
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The stock tumbled despite the long-awaited release of the first trailer for Grand Theft Auto VI. The video game is set to come out in 2025, meaning it'll have little to no impact on Take-Two's earnings next year. AdvertisementTake-Two Interactive's stock price tumbled in premarket trading Tuesday after the first trailer for "Grand Theft Auto VI" revealed that the hotly-anticipated title won't be released until 2025. AdvertisementPrevious title "Grand Theft Auto V" is one of the highest-selling video games of all time, having shipped around 190 million copies worldwide and netted Take-Two roughly $8 billion worth of revenue. Rockstar's 90-second video also confirmed that the game will take place in Vice City, the Grand Theft Auto universe's equivalent of Miami, and feature both a male and a female protagonist, as previously reported by Bloomberg News' Jason Schreier.

Persons: —, what's, Jason Schreier Organizations: Service, Rockstar Games, VI, YouTube, Twitter, Deutsche Bank, Bloomberg News Locations: Vice City, Miami

The New York Stock Exchange (NYSE) in New York City, U.S., February 24, 2022. "Presently, the markets price in around a 125bp (basis points) cut from the Fed next year," Ipek Ozkardeskaya, senior market analyst at Swissquote Bank, said in a note. Investors will also parse data on U.S. services sector activity from S&P Global and the Institute for Supply Management on Tuesday. ET, Dow e-minis were down 115 points, or 0.32%, S&P 500 e-minis were down 20 points, or 0.44%, and Nasdaq 100 e-minis were down 103 points, or 0.65%. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Ozkardeskaya, Amruta Khandekar, Pooja Desai Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Fed, Swissquote Bank, Labor Department, P Global, Institute for Supply Management, Nvidia, Dow e, CVS, PDD Holdings, Baidu, Thomson Locations: New York City, U.S

☆ GTA 6 leak: ‘Grand Theft Auto’ trailer reveals game’s release date
▼ + stars: | 2023-12-04 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —A trailer for “Grand Theft Auto VI,” the next installment of the wildly popular and violent game franchise, has been released early online after it had leaked. The trailer reveals that the sixth chapter is coming in 2025, according to developer Rockstar Games. The highly anticipated trailer surpassed 32 million views within its first few hours on Youtube. The trailer was originally supposed to go up on Tuesday, December 5 at 9 am PST. Rockstar Games, owned by Take-Two Interactive, has struggled with leaks.

Persons: Lucia, –, Catherine Thorbecke Organizations: New, New York CNN, Rockstar Games, Twitter Locations: New York, Bonnie, Clyde

Search resuls for: "GTA"

25 mentions found