Despite pushing GTA 6 to next year, Take-Two shares are still soaring and the company is now betting big on its future.
Take-Two Interactive has announced plans to sell $1 billion in common stock through a public offering. The company will also provide underwriters with a 30-day option to purchase an additional $150 million in shares.
The video game company stated it will use proceeds for general corporate purposes, including potential debt repayment and future acquisitions. The stock offering comes days after Take-Two's quarterly earnings report, which included a writedown exceeding $3 billion. This follows the recent announcement that Grand Theft Auto 6 would be delayed from this year to May next year.
CEO Strauss Zelnick acknowledged that fiscal 2026 net bookings will be lower without the GTA 6 release but maintained that the company expects to set records and anticipates growth in fiscal 2027. Despite the delay, Take-Two shares are trading near record levels reached earlier this month. The stock has gained approximately 27% this year, ranking among the top 10 performers in the Nasdaq 100 Index.
The industry estimates that GTA 6 could generate $2 billion in net revenue during its first year of release. While this revenue is now pushed to 2026, analysts note the delay may reduce execution risk for the highly anticipated title.
Take-Two owns Rockstar Games, 2K, and Zynga, with upcoming releases including Borderlands 4 . Portfolio managers have cited the company's diverse game pipeline as a key strength, viewing it as relatively insulated from broader economic pressures.
