{"id":266539,"date":"2025-11-06T23:26:15","date_gmt":"2025-11-06T23:26:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/266539\/"},"modified":"2025-11-06T23:26:15","modified_gmt":"2025-11-06T23:26:15","slug":"take-two-sinks-7-on-delay-of-grand-theft-auto-vi-to-november-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/266539\/","title":{"rendered":"Take Two sinks 7% on delay of Grand Theft Auto VI to November 2026"},"content":{"rendered":"

\"Take-Two<\/p>\n

Shares of Take-Two Interactive Software<\/a> sank 7% during after-hours trading on Thursday after Rockstar Games announced a further delay in the release of Grand Theft Auto VI<\/a> to November 2026.<\/p>\n

“We are sorry for adding additional time to what we realize has been a long wait, but these extra months will allow us to finish the game with the level of polish you have come to expect and deserve,” the company said in a post.<\/p>\n

The game, which is one of the most anticipated video games currently in production, is set to launch Nov. 19, 2026.<\/p>\n

The first trailer for the game was released in December 2023. GTA VI<\/a> was initially set for a fall 2025 launch but has faced multiple delays. The company most recently pushed the launch back in May and released another trailer for the game.<\/p>\n

“We remain both excited and confident they will deliver an unrivalled blockbuster entertainment experience,” CEO Strauss Zelnick said in a release. “With the most robust pipeline in our Company’s history, we expect to achieve record levels of Net Bookings in Fiscal 2027.”<\/p>\n

Take-Two also reported second quarter earnings on Thursday. The company’s revenue increased 33% to $1.96 billion, beating LSEG estimates of $1.72 billion.<\/p>\n

The revenue growth was attributed to the success of multiple games including “NBA\u00ae 2K26,” “Borderlands 4,” “Red Dead Redemption 2,” and others.<\/p>\n

The company reported a net loss of $133.9 million, or a loss of 73 cents per share. The loss is not comparable to analyst expectations.<\/p>\n

The same period last year saw a net loss of $365.5 million, or loss of $2.08 per share.<\/p>\n

The video game company raised its bookings outlook for the fiscal year to reach between $6.38 billion and $6.48 billion, up from $6.05 billion to $6.15 billion. The midpoint of the updated range is $6.43 billion, surpassing Wall Street projections of $6.18 billion.<\/p>\n

Zelnick credited the strong forecast to the business’ growing momentum, especially across mobile and “NBA 2K,” which has sold-in over 167 million units worldwide.<\/p>\n

Correction: This story has been updated to reflect that the company reported a loss of 73 cents per share during the quarter. A previous version of this story misstated that number.<\/p>\n

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