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Investing.com -- Shares of Take-Two Interactive Software (ETR:SOWGn), Inc. (NASDAQ:TTWO) fell sharply by as much as 16% following the announcement that the highly anticipated title Grand Theft Auto VI will be delayed by almost a year. The company, which had previously slated the game for a fall 2025 release, has now set the launch date for May 26, 2026.
The delay of Grand Theft Auto VI, one of the most awaited video game releases, has raised concerns among investors about the impact on the company’s financial performance. Take-Two has reassured stakeholders of its commitment to delivering high-quality entertainment and has forecasted record levels of Net Bookings for Fiscal 2026 and 2027.
Strauss Zelnick, Chairman and CEO of Take-Two Interactive Software, expressed support for the development team’s decision to take additional time to fulfill their creative vision for the game. "While we take the movement of our titles seriously and appreciate the vast and deep global anticipation for Grand Theft Auto VI, we remain steadfast in our commitment to excellence," Zelnick stated.
Despite the setback, the company is optimistic about its growth prospects, emphasizing a pipeline of releases that is expected to drive a multi-year period of business expansion and shareholder value enhancement. Take-Two is set to report its fourth quarter and Fiscal 2025 results on May 15, 2025, which will provide further insights into the company’s performance and outlook.
The stock’s decline reflects investor sentiment on the potential financial implications of the postponed release, as Grand Theft Auto is a flagship franchise for Take-Two. The delay shifts the expected revenue from the title into the later part of Fiscal Year 2027, altering the near-term financial landscape for the company.