Take-Two Interactive Delays GTA 6 Release: What To Know
Take-Two Interactive stock is higher even after the video-game maker delayed the release of Grand Theft Auto VI. Here's what you need to know.

Take-Two Interactive Software (TTWO) stock is trading higher Friday as the video-game maker's better-than-expected bookings for its fiscal 2024 fourth quarter offsets news the company is delaying the release of Grand Theft Auto VI (GTA VI).
Starting with earnings. In the three months ended March 31, Take-Two said total net bookings decreased 3% year-over-year to $1.35 billion, which exceeded the high-end of its guidance range of $1.27 billion to $1.32 billion.
The bookings also beat analysts' expectations, which called for $1.3 billion, according to Reuters.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
However, Take-Two then lowered its bookings guidance for fiscal 2025 to reflect a delay of its GTA VI release until the fall of calendar 2025. The company now anticipates bookings of $5.55 billion to $5.65 billion, down from its previous estimate of "a little above $7 billion," Lainie Goldstein, chief financial officer of Take-Two Interactive, said in the earnings call.
"Looking ahead, we believe that our Company is poised to achieve new levels of success, and we expect to deliver sequential growth in net bookings for fiscal 2025, 2026, and 2027," Take-Take Interactive CEO Strauss Zelnick said in a statement. "As we deliver our pipeline, we are confident that we will drive our scale, enhance our margins, and deliver industry-leading returns for our shareholders."
Where does Take-Two Interactive stock stand with analysts?
Analysts are generally upbeat toward the communication services stock. According to S&P Global Market Intelligence, the average target price for TTWO stock is $175.21, representing implied upside of about 20% to current levels. Additionally, the consensus recommendation is Buy.
Financial services firm Wedbush is unfazed by the delay of GTA VI, reiterating its Buy rating and $190 price target in a May 17 note.
“We kept our fiscal year 2026 estimates unchanged, with GTA VI launching in the December quarter instead of the September quarter in our model," Wedbush analyst Nick McKay says. The analyst expects the launch to drive quarterly sales of 25 million units, though adds that this could be a conservative estimate.
"We are encouraged by the firmer window for GTA VI, and expect Take-Two shares to react positively once gamers and investors alike learn additional details about the title, through features at game shows (perhaps in June) or additional trailers," McKay says.
Wedbush's $190 price target represents implied upside of nearly 30% to current levels.
Related Content
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
Roblox Stock Plunges After Bookings, Users Fall Short of Expectations
Roblox stock is down Thursday after the gaming company came up short on key metrics for its fourth quarter. Here's what you need to know.
By Joey Solitro Published
-
Eli Lilly Stock Rises After Profit, Outlook Top Expectations
Eli Lilly stock is higher Thursday after the pharma giant beat fourth-quarter profit expectations and issued strong 2025 guidance. Here's what you need to know.
By Joey Solitro Published
-
Roblox Stock Plunges After Bookings, Users Fall Short of Expectations
Roblox stock is down Thursday after the gaming company came up short on key metrics for its fourth quarter. Here's what you need to know.
By Joey Solitro Published
-
Eli Lilly Stock Rises After Profit, Outlook Top Expectations
Eli Lilly stock is higher Thursday after the pharma giant beat fourth-quarter profit expectations and issued strong 2025 guidance. Here's what you need to know.
By Joey Solitro Published
-
Qualcomm Stock Drops After Its Earnings Beat. Here's Why
Qualcomm stock is lower Thursday even after the chipmaker reported strong earnings and gave an encouraging outlook. This is what investors need to know.
By Joey Solitro Published
-
The Best ROI? Investing in Yourself This Year
If personal growth is something you invest in only after taking care of all other priorities, it's time to turn that mindset on its head. Here's how to start.
By Frank J. Legan Published
-
The Four Worst Mistakes to Make When Selling Your Business
From ignoring potential buyers to failing to consider what you'll do once you've stopped working, here are the key mistakes to avoid when selling a business.
By Evan T. Beach, CFP®, AWMA® Published
-
Stock Market Today: Stocks Waver as Big Tech Slumps on Spending Concerns
Markets seesawed amid worries over massive costs for artificial intelligence and mixed economic news.
By Dan Burrows Published
-
Is Disney Stock Still a Buy After Earnings?
Walt Disney stock is down Wednesday after the entertainment and media company beat fiscal 2025 first-quarter expectations. Here's what you need to know.
By Joey Solitro Published
-
Why Uber Stock Is Falling After Earnings
Uber stock is lower Wednesday as the ride-hailing firm's soft first-quarter outlook offsets its strong fourth-quarter results. Here's what you need to know.
By Joey Solitro Published