Take-Two Stock Down Almost 8% after Grand Theft Auto Delay
The stock value of Take-Two Interactive dropped sharply on Friday after an announced delay for GTA 6.
Quick overview
- Take-Two announced a delay for Grand Theft Auto 6, pushing the release date to November 19, 2026.
- The delay caused Take-Two's stock to drop by 8.68%, disappointing investors.
- Despite the setback, the company reported a 31% increase in net revenue for the year, totaling $1.77 billion.
- Take-Two's future success heavily relies on the performance of GTA 6, as the franchise is crucial to their revenue.
Take-Two (TTWO) announced a delay for their new video game release Grand Theft Auto 6, and disappointed investors jumped ship, resulting in a stock drop of 8.68% on Friday.
GTA 6 will now release on November 19th, 2026 instead of fall 2025 according to a statement from Take-Two Interactive. The company said in a social media post that they apologize for the delay but that the game still needs extra development time.
Take-Two’s stock is now down almost 9% as a result of the announcement and delay, but the company is hopeful about the game’s prospects. They posted their 2nd quarterly earnings statement and showed a net revenue increase of 31% for the year.
Take-Two’s Mixed Quarter
The video game publisher posted its results for the most recent quarter, and their 2026 GAAP had a net loss of $0.73 per share, which was down from the expected $0.91 per share. Their net revenue is up more than 30% from year to year, with revenues of $1.77 billion. That is right on par with analysis firm Zacks Consensus’ estimate.
The company pulled in revenue in the United States that was 27% higher than the previous year, amounting to $1.04 billion. The company also improved their net booking, which were up by 32% for the year, and their game reviews (which make up the majority of all revenue) was up by 33%. Their revenue from advertising rose as well, increasing by 11.5% and accounting for $132 million.
The company plays the long game with its GTA release. The game is expected to pull in billions over its lifetime. The previous iteration- Grand Theft Auto 5 released back in 2013, and there is over a decade of anticipation for this one. Take-Two relies primarily on the Grand Theft Auto franchise for its revenue, but they do publish other smaller scale games as well. They need GTA 6 to release in a timely manner and to perform extremely well, as their entire company’s success is riding on that single release.
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