Take-Two stock dips as it says GTA 6 will slip to ‘Fall 2025’
Take-Two Interactive (NASDAQ:TTWO), parent to Rockstar Games, has conceded that Grand Theft Auto 6 will not be released during the game studio’s current financial year.
The hotly anticipated game is now not expected to be released until ‘Fall 2025'.
TTWO executives would not be more specific than that during an investor call for the firm’s quarterly earnings.
Whilst a formal timetable had not previously been communicated there had been recent online rumours that the release date would slip even further, into 2026.
TTWO chief executive Strauss Zelnick meanwhile indicated that it would be the Rockstar subsidiary that would formally announce a release date for the game.
Notably, like much of the industry, TTWO has in the past year laid off staff which had been a factor pointed to in the online chatter that predicted delay.
In terms of its financials, TTWO today reported a $2.9 billion loss for its fourth quarter – including $2.18bn of impairments, a $304 million write off against “acquisition-related intangible assets” and a $93 million charge against reorganisation costs.
TTWO said bookings (not to be confused with revenue) amounted to $1.35 billion in the quarter, down 3%, and ‘recurrent consumer spending’ which largely comes from game subscriptions and accounts for 79% of total booking, was down 2%.
Quarterly net revenue, meanwhile, eased 3% lower to $1.4 billion.
Looking to the new financial year, the game maker forecast net bookings between $5.55 and $5.65 billion.
“Our outlook reflects a narrowing of Rockstar Games' previously established window of calendar 2025 to Fall of Calendar 2025 for Grand Theft Auto VI,” Zelnick said in a statement.
“We are highly confident that Rockstar Games will deliver an unparalleled entertainment experience, and our expectations for the commercial impact of the title continue to increase.
“Looking ahead, we believe that our company is poised to achieve new levels of success.”
In New York, TTWO stock extended an earlier 1.35% decline, falling a further $3.19 or 2.18% to $142.89 in 'afterhours' dealing.
