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The Latest Breaking News from Omar Dessouky

Great, now Bank of America wants GTA 6 to be more expensive so it can somehow ‘help the games industry’

Wouldn't you like that, money boy?

GTA 6 should be $80 so the whole "struggling" industry can raise game prices, Bank of America says, and players will accept it because they love AI

GTA 6 should be $80 so the whole "struggling" industry can raise game prices, Bank of America says, and players will accept it because they love AI

"We think it’s in Take-Two's self-interest, as a publisher and partner to many developers, to raise the price point for the entire industry"

Bank of America thinks Take-Two should charge more for Grand Theft Auto 6

Bank of America thinks Take-Two should charge more for Grand Theft Auto 6

It's for the good of the games industry, you see.

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AppLovin's Merchant Boom Hints At Q4 Upside, Analyst Says

AppLovin Corp. (NASDAQ:APP) is gaining fresh momentum in its ecommerce push as new data shows a sharp jump in merchants adopting its Axon ad tech, setting the stage for a potential upside surprise in the fourth quarter.

Can AppLovin Stock Reach $860 in 2025?

With a fresh Street-high target in sight, can AppLovin’s sizzling momentum carry shares to the $860 level before 2025 wraps up?

Roblox Analysts Cheer Developer Payout Hike, See Path To Stronger Growth

As the gaming industry evolves at a rapid pace, companies are increasingly focusing on supporting their creative communities to drive growth and innovation. This trend is underscored by recent developments at Roblox Corp. (NYSE:RBLX), which hosted its annual Roblox Developers Conference (RDC) in San Jose on Saturday, sparking fresh insights…

Applovin Analysts See 'Muted Upside,' Cautious On Company's Success Outside Of Gaming

Analysts highlight the strong results from Applovin Corporation (NASDAQ:APP) in the second quarter and look to what's ahead for the advertising company.

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Magnitude Of Roblox's Q2 Beat Unexpected, Says Analyst

Magnitude Of Roblox's Q2 Beat Unexpected, Says Analyst

Roblox Corp (NYSE:RBLX) is experiencing a significant market shift, with second-quarter bookings and user engagement metrics signaling a robust recovery, despite a mixed financial report.

'Negative Short-Term Catalyst': Take-Two Hack Leaves Analysts Agape On 'Grand Theft Auto 6' Game Leak

'Negative Short-Term Catalyst': Take-Two Hack Leaves Analysts Agape On 'Grand Theft Auto 6' Game Leak

The highly anticipated Grand Theft Auto 6 video game from Take-Two Interactive Software Inc (NASDAQ: TTWO) was officially confirmed by the company earlier this year b

Why Merger Talks Between Electronic Arts And NBCUniversal Failed: Who's A Potential Buyer?

Why Merger Talks Between Electronic Arts And NBCUniversal Failed: Who's A Potential Buyer?

Electronic Arts Inc. (NYSE: EA) shares traded higher by 1.5% on a down day in the market on Tuesday following unconfirmed media reports that EA has been aggressively pursuing a sale of the company.

BofA Reinstates Coverage Of EA & Take Two

BofA Reinstates Coverage Of EA & Take Two

While the COVID-driven joiner-churn in the interactive media sector is likely to have subsided, increases in gamer budgets may persist, according to BofA Securities.

Here's Why BofA Calls Roblox 'Category Leader' In The Emerging Metaverse Media Category

Here's Why BofA Calls Roblox 'Category Leader' In The Emerging Metaverse Media Category

BofA analyst Omar Dessouky reinstated coverage of Roblox Corp (NYSE:RBLX) with a Buy rating and $84 price target, calling the company the "category leader" in the emerging "Metaverse" media category. The price target implies an upside of 20.8%. Roblox has no "old media" businesses to cannibalize and invests 100% of its resources exclusively towards leadership…

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