Video game maker Take-Two Interactive Software (TTWO) saw its stock sink in after-hours trading after Rockstar Games announced that Grand Theft Auto VI will be delayed again. More specifically, the highly anticipated game is now expected to launch on November 19, 2026. This is yet another pushback from its original release window, which disappointed fans who have been waiting for years.
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Rockstar addressed the delay in a public post, in which it apologized to fans for the longer wait. The company explained that the extra time is needed to make sure the game meets the high-quality standards that players expect. While many are eager to get their hands on GTA VI, Rockstar emphasized that delivering a polished, well-finished product is the top priority.
It is worth noting that the game’s first trailer came out in December 2023, which generated massive hype. In addition, it was initially set for a fall 2025 release but has since faced multiple delays. The most recent setback came in May, when Rockstar released another trailer but also pushed back the timeline. Despite the delays, anticipation for the game remains strong as fans hope the final version will be worth the wait.
TTWO Reports Earnings
Separately, the company reported earnings for its second quarter of Fiscal Year 2026. Earnings per share came in at -$0.73, which missed analysts’ consensus estimate of $0.94 per share. However, sales increased by 31.1% year-over-year, with revenue hitting $1.77 billion. This beat analysts’ expectations of $1.73 billion.
Guidance
Looking forward, management has provided the following guidance for FY 2026:
- FY26 revenue between $6.38 billion and $6.48 billion, versus estimates of $6.17 billion
- FY26 GAAP EPS of -$2.25 to -$1.90
As you can see, revenue guidance was better than expected, but it wasn’t enough to offset the disappointment of the Grand Theft Auto VI delay.
Is TTWO Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on TTWO stock based on 17 Buys and one Hold assigned in the past three months, as indicated by the graphic below. Furthermore, the average TTWO price target of $279.59 per share implies 10.8% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report.
