{"id":994,"date":"2025-02-26T02:23:13","date_gmt":"2025-02-26T02:23:13","guid":{"rendered":"https:\/\/handaldunaway.com\/?p=994"},"modified":"2025-03-19T17:43:06","modified_gmt":"2025-03-19T17:43:06","slug":"take-two-interactive-ttwo-gta-vi-pode-ser-o-suficiente-maio-2024","status":"publish","type":"post","link":"https:\/\/handaldunaway.com\/pt\/take-two-interactive-ttwo-gta-vi-pode-ser-o-suficiente-maio-2024\/","title":{"rendered":"Take-Two Interactive (TTWO): GTA VI pode ser o suficiente"},"content":{"rendered":"<p style=\"padding-top:0;padding-bottom:0\"><strong>Publicado originalmente em 10 de maio de 2024<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-left\">Resumo Executivo<\/h3>\n\n\n\n<h5 class=\"wp-block-heading has-text-align-left has-vivid-green-cyan-color has-text-color has-link-color wp-elements-bc498964da3c4cbab3a13823ad567c55\" style=\"margin-top:0;margin-bottom:0;padding-top:0;padding-bottom:0\"><strong>Recomenda\u00e7\u00e3o: <\/strong>Comprar<\/h5>\n\n\n\n<h5 class=\"wp-block-heading has-secondary-color has-text-color has-link-color wp-elements-9361d0d03fae18d287374c87843158ab\"><strong>Vis\u00e3o Geral da Empresa e do Mercado<\/strong><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A Take-Two \u00e9 uma das principais publicadoras de videogames para console, PC e dispositivos m\u00f3veis, atendendo a uma audi\u00eancia global de jogadores com um portf\u00f3lio diversificado de franquias de jogos consolidadas e t\u00edtulos hiper-casuais em v\u00e1rios g\u00eaneros.<\/li>\n\n\n\n<li>Espera-se que a receita da Take-Two tenha diminu\u00eddo ligeiramente no \u00faltimo ano fiscal, enquanto o EBITDA caiu significativamente em rela\u00e7\u00e3o aos picos da era pand\u00eamica, impulsionado pelos margens mais baixos da sua divis\u00e3o de jogos m\u00f3veis<\/li>\n\n\n\n<li>A ind\u00fastria de videogames \u00e9 altamente fragmentada e est\u00e1 passando por uma transforma\u00e7\u00e3o significativa, pois o crescente mercado de jogos m\u00f3veis hiper-casuais est\u00e1 for\u00e7ando empresas que historicamente se concentraram em franquias consolidadas de videogames para PC e console a ingressar no mercado de jogos m\u00f3veis, que \u00e9 menos lucrativo e mais competitivo.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading has-secondary-color has-text-color has-link-color wp-elements-ca33cbca700a2da1062ae9ab8a8c468c\"><strong>Avalia\u00e7\u00e3o<\/strong><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A an\u00e1lise DCF sugere que a Take-Two est\u00e1 atualmente avaliada no valor 'justo' ou abaixo dele. A diminui\u00e7\u00e3o das primas impl\u00edcitas entre os m\u00faltiplos de transa\u00e7\u00f5es precedentes e as compara\u00e7\u00f5es de negocia\u00e7\u00e3o p\u00fablica atuais sugere que o mercado v\u00ea uma maior rentabilidade no horizonte para as empresas de videogames, dado os avan\u00e7os da IA e seu potencial para reduzir custos.<\/li>\n\n\n\n<li>Diferentes m\u00e9todos de avalia\u00e7\u00e3o indicam um valor empresarial entre $21 bilh\u00f5es e $31 bilh\u00f5es para a Take-Two.<\/li>\n\n\n\n<li>Os fluxos de caixa esperados da Take-Two dependem fortemente do sucesso de GTA VI e do aumento de receita projetado. As altas vendas esperadas de GTA VI podem estar ocultando fraquezas em outras \u00e1reas da empresa.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-84e467d4 wp-block-buttons-is-layout-flex\" style=\"padding-top:var(--wp--preset--spacing--xx-small)\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 has-custom-font-size has-medium-font-size\"><a class=\"wp-block-button__link has-text-align-center wp-element-button\" href=\"https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024.pdf\"><strong>Baixar Relat\u00f3rio Completo (PDF)<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"4000\" height=\"2250\" src=\"https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-5-3.png\" alt=\"GTA may just be enough, Take-Two rapid growth makes it look so.\" class=\"wp-image-1023\" title=\"\" srcset=\"https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-5-3.png 4000w, https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-5-3-300x169.png 300w, https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-5-3-1024x576.png 1024w, https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-5-3-768x432.png 768w, https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-5-3-1536x864.png 1536w, https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-5-3-2048x1152.png 2048w\" sizes=\"auto, (max-width: 4000px) 100vw, 4000px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" style=\"margin-bottom:var(--wp--preset--spacing--xx-small)\"><img loading=\"lazy\" decoding=\"async\" width=\"4000\" height=\"2250\" src=\"https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-8-copy2-3.png\" alt=\"\" class=\"wp-image-1024\" title=\"\" srcset=\"https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-8-copy2-3.png 4000w, https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-8-copy2-3-300x169.png 300w, https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-8-copy2-3-1024x576.png 1024w, https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-8-copy2-3-768x432.png 768w, https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-8-copy2-3-1536x864.png 1536w, https:\/\/handaldunaway.com\/wp-content\/uploads\/2025\/02\/HD-Research-Take-Two-Research-Report-May-2024-8-copy2-3-2048x1152.png 2048w\" sizes=\"auto, (max-width: 4000px) 100vw, 4000px\" \/><\/figure>","protected":false},"excerpt":{"rendered":"<p>Originally published on May 10, 2024 Executive Summary Recommendation: Buy Company and Market Overview Valuation<\/p>","protected":false},"author":1,"featured_media":1136,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[8],"tags":[13,11,10,12,15,14],"class_list":["post-994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-reports","tag-buy","tag-equity","tag-gta-vi","tag-investments","tag-tech","tag-videogames"],"_links":{"self":[{"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/posts\/994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/comments?post=994"}],"version-history":[{"count":18,"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/posts\/994\/revisions"}],"predecessor-version":[{"id":1283,"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/posts\/994\/revisions\/1283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/media\/1136"}],"wp:attachment":[{"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/media?parent=994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/categories?post=994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/handaldunaway.com\/pt\/wp-json\/wp\/v2\/tags?post=994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}