Take-Two reports solid earnings and explains GTA VI delay

Take-Two Interactive Software let the cat out of the bag as it postponed the launch of Grand Theft Auto VI (now coming on May 26, 2026), and now we can see the impact of that on its outlook. The company reported its net bookings for the fourth-fiscal quarter ended March 31 hit $1.58 billion, up 17% from the same quarter a year ago. The results were in the top end of the company’s own guidance. Good results for NBA 2K25, Grand Theft Auto Online and Grand Theft Auto V, Civilization VII, Toon Blast, Match Factory, Empires & Puzzles, Red Dead Redemption 2 and Red Dead Online and WWE 2K25. The company said that giving Rockstar Games more time to finish Grand Theft Auto VI will improve quality, and it noted that its most recent trailer on GTA VI got 475 million views in 24 hours, up from the announcement trailer of 93 million views. GAAP net revenue was $1.582 billion, up 13% from last year’s fiscal fourth quarter. The GAAP net loss was $3.373 billion, or $21.08 per share, as compared to ... Read full article.