Take-Two (TTWO) Stock Tumbles on GTA 6 Delay Ahead of Crucial Earnings Call

Take-Two CEO Strauss Zelnick released a statement shortly after the release date announcement, expressing his support of Rockstar's decision.

Heading into May, Take-Two was poised to have the biggest fiscal year in company history. With Mafia: The Old Country and Borderlands 4 coming out in August and September, respectively, the stage was set for GTA 6 to take advantage of a relatively tame holiday season.

GTA 6's only competition so far was Ghost of Yotei and there's plenty of reason to believe that most video game companies would've avoided the months of October through December like the plague if GTA 6 had been confirmed for a holiday 2025 release.

Alas, this isn't the case.

Take-Two has a lot to answer for after insisting several times that GTA 6 is still set for a Fall 2025 release, which, according to journalist Jason Schreier, had been in doubt for months.

Already, the internet is up in arms. One industry expert even goes as far as to say that the GTA 6 delay could prove disastrous for the entire video game industry.

Meanwhile, other companies are either parodying or poking fun at Rockstar's GTA 6 delay announcement.

We can't say for sure what will happen over the next couple of days. But, given how much Take-Two's value jumped over the past year, don't be surprised if the company's stock prices keep on dropping.

For now, it's still worth keeping an eye out for Rockstar's next announcement and Take-Two's next earnings call. After all, they did promise to reveal more about GTA 6 soon.