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Key Takeaway
- Take-Two Interactive Software shares tumbled Monday following a report suggesting its “Grand Theft Auto VI” video game may be delayed.
- Gaming site Kotaku reported the new Take-Two game could be delayed until late 2025, or possibly 2026.
- Bank of America analysts downgraded Take-Two in December, citing doubts the game would be released on time.
Take-Two Interactive Software (TTWO) shares fell over 4% Monday following a report suggesting the release of its “Grand Theft Auto VI” or “GTA 6” video game could be delayed.
Gaming website Kotaku on Friday reported that production delays at the company’s subsidiary, Rockstar Games, which is developing “GTA 6,” could delay the game’s launch until late 2025 or even until 2026. It was previously expected that the new game would be out by early next spring.
In December, Bank of America downgraded Take-Two to “neutral” from “buy,” citing doubts that “GTA 6” would be available on time. That came just days after the release of the game’s trailer, when Rockstar said it would be “coming in 2025.”
Take-Two did not immediately respond to a request for comment.
Shares of Take-Two finished 4.2% lower at $146.14 Monday. They’ve lost over 8% of their value so far in 2024.
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