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Take-Two stock dips after Rockstar Games says 'Grand Theft Auto 6' will be delayed yet again
Business Insiderยท 2025-05-02 16:23
Core Insights - "Grand Theft Auto 6" is now scheduled for release in May 2026, causing Take-Two Interactive's shares to drop by as much as 8% following the announcement [1][5]. Group 1: Game Development and Anticipation - "Grand Theft Auto 6" is one of the most anticipated games, with an early trailer released in 2023 achieving over 93 million views in one day, now totaling over 251 million views [2]. - The upcoming release will be the first main series "GTA" game since "Grand Theft Auto V" in 2013, leading to memes about the long wait for the game [3]. Group 2: Company Statements and Future Outlook - Rockstar Games expressed that the delay is necessary to meet the high expectations of quality from consumers, emphasizing their commitment to excellence [3][6]. - Take-Two's CEO, Strauss Zelnick, previously indicated that 2025 would be an "inflection point" for the company, driven by the release of "Grand Theft Auto 6" [4]. - Despite the delay, Take-Two anticipates "record levels of net bookings" in fiscal years 2026 and 2027 [5].