Take-Two Interactive Stock Plummets 10% on GTA VI Delay

Take-Two Interactive shares fell sharply, dropping between 10% and 16% in pre-market trading after the company announced that Grand Theft Auto VI, originally expected in fall 2025, will now launch in May 2026. The delay sparked concerns among investors about the near-term financial outlook, as revenue from the highly anticipated title will now be pushed into fiscal year 2027. Despite this setback, Take-Two's leadership reiterated their confidence in the creative team's need for more development time and maintained expectations for record Net Bookings in fiscal 2026 and 2027. Analysts responded by revising price targets and expressing caution about the company's growth narrative, while brokerage consensus still rates the stock as 'Outperform.' The delay highlights the sensitivity of Take-Two’s stock to major franchise timing and underscores the company's reliance on a strong pipeline to drive long-term shareholder value. Take-Two is scheduled to report its fiscal 2025 results on May 15, which investors hope will offer further clarity on future guidance.