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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 extra delay within the launch of Grand Theft Auto VI to November 2026.
“We’re sorry for including further time to what we understand has been an extended wait, however these additional months will permit us to complete the sport with the extent of polish you’ve got come to count on and deserve,” the corporate mentioned in a publish.
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 just lately pushed the launch again in Could and launched one other trailer for the sport.
“We stay each excited and assured they are going to ship an unrivalled blockbuster leisure expertise,” CEO Strauss Zelnick mentioned in a launch. “With probably the most sturdy pipeline in our Firm’s historical past, we count on to attain file ranges of Internet 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 development 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 web lack of $133.9 million, or a lack of 73 cents per share. The loss isn’t corresponding to analyst expectations.
The identical interval final 12 months noticed a web 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 achieve 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 sturdy forecast to the enterprise’ rising momentum, particularly throughout cellular and “NBA 2K,” which has sold-in over 167 million items worldwide.
Correction: This story has been up to date to replicate that the corporate reported a lack of 73 cents per share through the quarter. A earlier model of this story misstated that quantity.
