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GTA 6 release date hint sends Take Two lower

Published 17/05/2024, 09:53
© Reuters GTA 6 release date hint sends Take Two lower

Proactive Investors - News that the long-awaited latest instalment in the Grand Theft Auto series would not be released until late next year has sent shares Take-Two Interactive Software Inc (NASDAQ:TTWO) lower.

The Rockstar Games owner had announced that GTA VI would be released in the fall of 2025 in results on Thursday.

This narrowed down the game’s release date from simply 2025 previously, with the latest update confirming GTA VI would not roll out in the company’s latest financial year.

Shares fell 2.5% to US$142.50 in Friday’s pre-market trading on the back of the news, following a 1.4% dip on Thursday.

GTA V, the predecessor to the latest instalment, has sold 200 million copies since being released in 2013, Take-Two said in the results.

A US$2.9 billion loss was also revealed for the company’s fourth quarter, reflecting acquisition-related impairments and a 3% fall in revenue to US$1.4 billion.

Bookings amounted to US$1.35 billion over the quarter, with Take-Two forecasting the figure to sit between US$5.55 and US$5.65 billion for the coming year, before GTA VI is released.

“We are highly confident that Rockstar Games will deliver an unparalleled entertainment experience,” chief executive Strauss Zelnick commented.

“Our expectations for the commercial impact of the title continue to increase.”

He indicated it would be Rockstar to ultimately unveil the game’s formal release date, with rumours previously speculating GTA VI may not hit shelves until 2026.

Read more on Proactive Investors UK


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