Take-Two plunges as “Grand Theft Auto 6” gets delayed again, to November 2026
“Grand Theft Auto” maker Take-Two posted its fiscal second-quarter earnings on Thursday.
The maker of “Grand Theft Auto” and “Borderlands,” Take-Two , reported results for its fiscal second quarter, which ended in September, after the bell on Thursday, but it was a “GTA 6” update that sent shares plunging. Shares are down 10% after-hours.
Most notably, the company once again pushed back its planned release date for “Grand Theft Auto 6” — one of the most highly anticipated video games of all time. The game is now set to release on November 19, 2026, studio Rockstar Games announced in a post on X. That’s six months beyond the already delayed launch date of May 26, 2026, that Take-Two announced earlier this year. The game’s last update came six months ago, when Take-Two released its second trailer.
The company posted net bookings — the amount customers spent on its products — of $1.96 billion, above analyst expectations of $1.73 billion and up 33% year over year. In August, it guided for Q2 net bookings of between $1.7 billion and $1.75 billion.
Looking ahead, Take-Two raised its full-year bookings outlook to between $6.4 billion and $6.5 billion, up from the previous forecast range of $6.05 billion to $6.15 billion.
The gaming giant also:
Posted adjusted earnings before interest and taxes of $116.7 million. That’s below its outlook of between $117 million and $140 million for the quarter.
Reported recurrent consumer spending growth, or spending on things like in-game purchases and downloadable content, of 20%. These transactions accounted for 73% of net bookings, down from 81% in the same period last year.
Improved its full-year net loss guidance to between $414 million and $349 million, from a loss of between $442 million and $377 million.
Take-Two’s Rockstar Games, the studio directly behind the “Grand Theft Auto” franchise, has found itself in a labor scandal in recent days. Last week, the company fired between 30 and 40 employees in the UK and Canada. A British trade union said the employees in question were attempting to organize a union at the company, but Rockstar says they were let go for “distributing and discussing confidential information in a public forum.” The employees have denied the leaking accusations.
As of Thursday’s close, Take-Two’s shares are up about 38% on the year, roughly in line with rival EA, which is being taken private by a group including Saudi Arabia’s sovereign wealth fund in a $55 billion deal.
