Goldman Sachs Gaming Outlook: GTA6 Drives $3B Surge

Goldman Sachs Q2 2025 gaming report reveals robust AAA pipeline with Grand Theft Auto VI expected to generate over $3 billion in bookings. IAP fee shifts to DTC channels present margin expansion opportunities while mobile gaming shows low-single-digit growth with strategy games surging 24% market share. Take-Two earns Buy rating at $255 target as traditional publishers face divergence. Report emphasizes established IP advantages over new releases amid continued volatility in game launches.