Rockstar hack adds $4 billion to Take-Two's market cap, surges share price by over 4%

Hackers have inadvertently surged Take-Two's market cap by billions of dollars after revealing how successful Grand Theft Auto Online is for Rockstar Games.

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The recent hack on Rockstar Games has led to a major boost for its parent company, Take-Two Interactive. After their ransom wasn't paid, hacker collective ShinyHunters released key info that was purportedly infiltrated via Rockstar's accounts, however this data has proven to be quite positive for the company because it highlights the long-term popularity of GTA Online, a mode that has made billions of dollars from digital spending; it was revealed that the online mode has made at least $5 billion in bookings, and possibly even more when those funds are recognized as net revenue.

The leaks, which generated tons of buzz including in-depth analyses and figures from all over the internet, have propelled Take-Two Interactive's shares. In the span of a day, Take-Two saw a high of $206.5 as of Tuesday, April 14, representing a +4.27% increase in share price over the lowest point of $198.04 from a day prior, Monday, April 13.

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Since Take-Two Interactive has 185.18 million shares outstanding, this represents a market cap increase of $4.4 billion when comparing the firm's lowest low and highest high in the 24-hour period.

Take-Two Interactive jumps on Rockstar leak

• Monday, April 13 (low) - $198.04 per share, market cap $38.23967 billion
• Tuesday, April 14 (high) -$206.5 per share, market cap $42.64225 billion

Despite the surprising leap, which literally came out of nowhere, investors still seem reticent about Take-Two due to the possibility of more GTA 6 delays.

Rockstar Games currently stands by GTA 6's planned release date of November 19, 2026 on PlayStation 5 and Xbox Series X/S, however the ongoing volatility of the video games industry doesn't give investors full confidence that the game will meet its launch date.