Take-Two Shares Plunge as Grand Theft Auto VI Faces Major Delay

Despite posting record quarterly results and raising its full-year guidance, Take-Two Interactive Software saw its stock price tumble after announcing a significant postponement for its most anticipated title. The six-month delay for Grand Theft Auto VI demonstrates how even stellar financial performance can be overshadowed by setbacks for a flagship product.

The market’s reaction sent a clear message about investor priorities. When Take-Two disclosed that Grand Theft Auto VI wouldn’t arrive until November 2026—a full half-year later than anticipated—the stock immediately dropped 7% in after-hours trading. This decline occurred despite the company reporting its highest-ever net bookings of $1.96 billion for the quarter, exceeding expectations.

CEO Strauss Zelnick explained the Read more...