Take-Two shares drop after GTA 6 is officially delayed

Grand Theft Auto 6 has been officially delayed by Rockstar Games, with the developer saying it needs more time to complete development of the highly anticipated title.

2

The announcement of GTA 6 being delayed until May 26, 2025, has resulted in Take-Two Interactive's share price sliding by as much as 7% at the time of reporting, marking a deep decline for the publisher. Take-Two Interactive CEO Strauss Zelnick has responded to the announcement of the delay with a recent statement, saying the publisher fully supports Rockstar's decision, and that "While we take the movement of our titles seriously and appreciate the vast and deep global anticipation for 'Grand Theft Auto 6,' we remain steadfast in our commitment to excellence."

Despite the announcement of the delay, Take-Two still anticipates delivering a multiyear period of growth for its business, which will include "enhanced value for our shareholders." More specifically, Take-Two reiterated that it expects it achieve sequential increases in net bookings in fiscal 2026 and 2027, saying it believes it will achieve record levels of bookings during both periods.

It isn't just Grand Theft Auto 6 that Take-Two has in its pipeline, as Borderlands 4 releases later this year. The release date for Borderlands 4 was actually moved forward from September 23 to September 12.