GTA VI release pushed to fall 2025, bookings forecast lowered

  • Take-Two Interactive Software Inc.’s shares fell after announcing ‘Grand Theft Auto VI’ release in fall 2025
  • Company lowers bookings forecast for the current fiscal year to $5.55 billion – $5.65 billion
  • CEO Strauss Zelnick highlights the success of ‘Grand Theft Auto V’ and ‘Grand Theft Auto Online’
  • Take-Two also publishes titles like ‘Red Dead Redemption’, ‘Borderlands’, and ‘NBA2K’

Take-Two Interactive Software Inc.’s shares fell by 2.5% in after-hours trading following the announcement that its highly anticipated ‘Grand Theft Auto VI’ game will not be released until fall 2025 and the company has lowered its bookings forecast for the current fiscal year to $5.55 billion – $5.65 billion, down from an original estimate of $8 billion. CEO Strauss Zelnick highlighted the success of ‘Grand Theft Auto V’ and ‘Grand Theft Auto Online’, while CFO Lanie Goldstein said that their confidence in the title continues to grow. Take-Two also publishes titles such as ‘Red Dead Redemption’, ‘Borderlands’, and ‘NBA2K’.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Take-Two Interactive Software’s financial performance and updates on the release date of Grand Theft Auto VI. It also mentions the company’s other titles and its cost-cutting measures. However, it lacks some details about the reasons behind the delay in the game’s release and could provide more context on the $2.18 billion goodwill charge.
Noise Level: 4
Noise Justification: The article provides relevant information about Take-Two Interactive Software’s financial performance and updates on the release of ‘Grand Theft Auto VI’, but it lacks in-depth analysis or exploration of long-term trends or consequences. It also contains some repetitive information.
Public Companies: Take-Two Interactive Software Inc. (TTWO)
Key People: Lanie Goldstein (Chief Financial Officer), Strauss Zelnick (Chief Executive)

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Financial Relevance: Yes
Financial Markets Impacted: Take-Two Interactive Software’s stock price
Financial Rating Justification: The article discusses the impact of the delayed release of ‘Grand Theft Auto VI’ on Take-Two Interactive Software’s financial forecast and its stock price, as well as the company’s fiscal performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article. The article discusses a financial crisis related to the delay of a highly anticipated video game and its impact on the company’s stock price and forecasted bookings.

Reported publicly: www.marketwatch.com