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Take-Two Interactive Faces Stock Plunge Amid GTA 6 Delay and Mixed Earnings

Take-Two Interactive Faces Stock Plunge Amid GTA 6 Delay and Mixed Earnings

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Global Cryptocurrency

Published:

2025-11-07 00:46:01

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Rockstar Games has delayed the highly anticipated Grand Theft Auto VI to November 2026, citing the need for additional polish. The announcement triggered an 18% drop in parent company Take-Two Interactive's stock. Protests erupted outside Rockstar's UK offices as former employees alleged retaliatory firings linked to union activity—a claim the company denies.

Take-Two's Q2 earnings revealed a 33% revenue surge to $1.96 billion, outperforming estimates, driven by strong sales of NBA 2K26, Borderlands 4, and Red Dead Redemption 2. However, the company posted a $133.9 million net loss, an improvement from last year's $365.5 million deficit. CEO Strauss Zelnick expressed confidence in delivering "an unrivalled blockbuster entertainment experience" amid record pipeline projections.

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