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Shares of Take-Two Interactive Software sank 10% during after-hours trading on Thursday after Rockstar Games announced a further delay in the release of Grand Theft Auto VI to November 2026.
“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.
The game, which is one of the most anticipated video games currently in production, is set to launch Nov. 19, 2026.
The first trailer for the game was released in December 2023. GTA VI 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.
“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.”
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.
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. The same period last year saw a net loss of $365.5 million, or $2.08 per share.
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.
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.
