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Shares of Take-Two Interactive Software program sank 7% throughout after-hours buying and selling on Thursday after Rockstar Video games introduced an additional delay within the launch of Grand Theft Auto VI to November 2026.
“We’re sorry for including extra time to what we notice has been a protracted wait, however these additional months will permit us to complete the sport with the extent of polish you may have come to anticipate and deserve,” the corporate stated in a submit.
The sport, which is without doubt one of the most anticipated video video games at present in manufacturing, is ready to launch Nov. 19, 2026.
The primary trailer for the sport was launched in December 2023. GTA VI was initially set for a fall 2025 launch however has confronted a number of delays. The corporate most lately pushed the launch again in Could and launched one other trailer for the sport.
“We stay each excited and assured they may ship an unrivalled blockbuster leisure expertise,” CEO Strauss Zelnick stated in a launch. “With probably the most sturdy pipeline in our Firm’s historical past, we anticipate to realize document ranges of Web Bookings in Fiscal 2027.”
Take-Two additionally reported second quarter earnings on Thursday. The corporate’s income elevated 33% to $1.96 billion, beating LSEG estimates of $1.72 billion.
The income progress was attributed to the success of a number of video games together with “NBA® 2K26,” “Borderlands 4,” “Purple Lifeless Redemption 2,” and others.
The corporate reported a internet lack of $133.9 million, or a lack of 73 cents per share. The loss shouldn’t be corresponding to analyst expectations.
The identical interval final 12 months noticed a internet lack of $365.5 million, or lack of $2.08 per share.
The online game firm raised its bookings outlook for the fiscal 12 months to succeed in between $6.38 billion and $6.48 billion, up from $6.05 billion to $6.15 billion. The midpoint of the up to date vary is $6.43 billion, surpassing Wall Road projections of $6.18 billion.
Zelnick credited the robust forecast to the enterprise’ rising momentum, particularly throughout cellular and “NBA 2K,” which has sold-in over 167 million models worldwide.
Correction: This story has been up to date to mirror that the corporate reported a lack of 73 cents per share in the course of the quarter. A earlier model of this story misstated that quantity.
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