Take-Two Shares Tumble as GTA VI Release Gets Pushed Back

Video game powerhouse Take-Two Interactive delivered exceptional quarterly results that were completely overshadowed by disappointing news about its most anticipated title. Despite posting financial figures that smashed expectations, the company’s stock faced significant selling pressure after announcing a six-month delay for Grand Theft Auto VI.

The market’s reaction was swift and severe. Take-Two shares plummeted approximately 8% in after-hours trading following the GTA VI postponement announcement. The decline demonstrates that for investors, the timing of the next blockbuster release carries more weight than current financial performance, even when that performance is remarkably strong.

Rockstar Games, Take-Two’s development studio, explained the delay from May Read more...