Take-Two Interactive (TTWO) Plunges as GTA VI Delay and Earnings Miss Crush Investor Sentiment

Rockstar's parent company takes a hit—delays and disappointing numbers spark sell-off.

Wall Street's high hopes for Grand Theft Auto VI get rear-ended by reality.

Another 'strategic delay'—because 'missing deadlines' sounds too honest for earnings calls.

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Rockstar addressed the delay in a public post, where it apologized to fans for the longer wait. The company explained that the extra time is needed to make sure the game meets the high-quality standards that players expect. While many are eager to get their hands on GTA VI, Rockstar emphasized that delivering a polished, well-finished product is the top priority.

It is worth noting that the game’s first trailer came out in December 2023, which generated massive hype. In addition, it was initially set for a fall 2025 release but has since faced multiple delays. The most recent setback came in May, when Rockstar released another trailer but also pushed back the timeline. Despite the delays, anticipation for the game remains strong as fans hope the final version will be worth the wait.

TTWO Reports Earnings

Separately, the company reported earnings for its second quarter of Fiscal Year 2026. Earnings per share came in at -$0.73, which missed analysts’ consensus estimate of $0.94 per share. However, sales increased by 31.1% year-over-year, with revenue hitting $1.77 billion. This beat analysts’ expectations of $1.73 billion.

Guidance

Looking forward, management has provided the following guidance for FY 2026:

• FY24 revenue between $6.38 billion and $6.48 billion, versus estimates of $6.17 billion
• FY24 GAAP EPS of -$2.25 to -$1.90

As you can see, revenue guidance was better than expected, but it wasn’t enough to offset the disappointment of the Grand Theft Auto VI delay.

Is TTWO Stock a Good Buy?

Turning to Wall Street, analysts have a Strong Buy consensus rating on TTWO stock based on 17 Buys and one Hold assigned in the past three months, as indicated by the graphic below. Furthermore, the average TTWO price target of $279.59 per share implies 10.8% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report.