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- Take-Two shares plummeted by over 10% after the news of GTA 6 being delayed.
- Shares fell off despite this being a record Q2 for the company, surpassing expectations.
- Shares fell off despite this being a record Q2 for the company, surpassing expectations.
Take-Two Interactive released its Quarterly report for this year. However, it was overshadowed by the news of GTA 6 getting delayed. This has also led to the company’s shares falling right after the announcement.
Just as the company announced that GTA 6 is being delayed to November 2026, the shares plummeted by over 10% wiping more than $27 in value per share. This happened despite great quarterly results for the company.
Why it matters: Even before its release, GTA 6 is a global phenomenon, so it’s not surprising that its delay caused the share value to fall off showcasing its current impact.
Today, right after the announcement, Take-Two saw its shares drop by 10.86% during after-hours trading. While they are somewhat on the way to recovery, this shows the power GTA 6 holds and why Rockstar wants perfection.
Delays are usually caused when the game isn’t ready. So, it makes sense that rather than risking it by releasing the game early, Take-Two wants to give more time to Rockstar to polish and release it in its final form.
What’s even more interesting is that the company’s quarterly results are phenomenal. It recorded its best Q2 ever, surpassing expectations and prompting a second consecutive full-year guidance raise to $6.4–$6.5 billion in Net Bookings.
What are your thoughts on Take-Two’s shares dropping due to the GTA 6 delay? Let us know your opinions in the comments or join the discussion at the official Tech4Gamers Forum.
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News Reporter
Abdullah is an avid gamer who primarily plays single-player titles. If you can’t find him anywhere, he’ll probably be at his desk playing The Witcher 3 for the millionth time. When he isn’t playing games, he’s either reading or writing about them.
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