Take-Two shares drop as it delays release of Grand Theft Auto VI

May 02, 2025 11:05 PM AEST | By Investing

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Take-Two shares drop as it delays release of Grand Theft Auto VI

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Investing.com -- Take-Two Interactive shares fell more than 9% in premarket trading on Thursday after the company announced that the release of Grand Theft Auto VI would be delayed to May 2026.

The game, previously expected in fall 2025, is now slated to launch on May 26, 2026. The delay pushes the highly anticipated title into the company’s fiscal year 2027.

“We support fully Rockstar Games taking additional time to realize their creative vision for Grand Theft Auto VI, which promises to be a groundbreaking, blockbuster entertainment experience that exceeds audience expectations,” said Strauss Zelnick, chairman and CEO of Take-Two Interactive (NASDAQ:TTWO).

Despite the delay, Take-Two reiterated its expectation of “sequential increases in, and record levels of, Net Bookings” in fiscal years 2026 and 2027.

Zelnick added that while the company takes “the movement of our titles seriously and appreciate[s] the vast and deep global anticipation,” it remains “steadfast in our commitment to excellence.”

He added that they “expect to deliver a multi-year period of growth” in the business and “enhanced value for our shareholders.”

Investors, however, reacted negatively to the news. Shares of the publisher dropped sharply as the updated timeline pushes out the expected revenue boost from the GTA VI launch.

Take-Two plans to report its fiscal 2025 fourth-quarter results after the market close on May 15.

This article first appeared in Investing.com

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