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Strauss Zelnick Addresses Shareholders Amid GTA 6 Delay and Stock Drop

Jul 15,25(6 months ago)
Strauss Zelnick Addresses Shareholders Amid GTA 6 Delay and Stock Drop

Take-Two Interactive CEO Strauss Zelnick has stepped forward to calm shareholder concerns in the wake of Rockstar Games’ recent announcement regarding the delay of *Grand Theft Auto VI* (GTA 6). The highly anticipated title, originally slated for a fall 2025 release on PlayStation 5 and Xbox Series X|S, has now been pushed back to May 26, 2026. This shift moves the game’s launch from Take-Two’s fiscal year 2026 into fiscal year 2027.

The news immediately impacted investor sentiment, with Take-Two’s stock falling by 7.98% in early trading at the time of this article’s publication. In response, the company issued a statement via its corporate website reaffirming its confidence in achieving sequential growth in Net Bookings—essentially revenue—for both fiscal years 2026 and 2027.

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Zelnick himself voiced full support for Rockstar’s creative decision to extend development time for GTA 6, emphasizing that quality remains the top priority. “We support fully Rockstar Games taking additional time to realize their creative vision for Grand Theft Auto VI, which promises to be a groundbreaking, blockbuster entertainment experience that exceeds audience expectations,” he stated.

He further assured stakeholders that while the delay is significant, it does not detract from Take-Two’s long-term outlook. “While we take the movement of our titles seriously and appreciate the vast and deep global anticipation for Grand Theft Auto VI, we remain steadfast in our commitment to excellence. As we continue to release our phenomenal pipeline, we expect to deliver a multi-year period of growth in our business and enhanced value for our shareholders.”

What’s Next for Take-Two Without GTA 6 in FY26?

With GTA 6 now out of the 2026 financial window, the company faces a gap in what would have been its most lucrative revenue source. However, Take-Two still has a robust lineup across its publishing arms. Alongside Rockstar, the company owns 2K Games and 2K Sports, which are preparing several high-profile releases.

  • Borderlands 4 – From Gearbox Software, set for September 2025
  • Mafia: The Old Country – Expected later this year
  • NBA 2K26 – The next installment in 2K Sports' flagship franchise
  • Judas – The upcoming narrative-driven title from BioShock creator Ken Levine
  • Next BioShock Game – Currently in development under Cloud Chamber Studios

Despite these titles being commercially strong, none are expected to reach the cultural and financial magnitude of GTA 6. Analysts note that the absence of the game from the 2026 fiscal year will likely leave a noticeable dent in revenue projections. That said, many fans of the franchise understand the need for extra polish, though some had hoped for new visuals or gameplay footage to ease the wait.

Will GTA 6 Release on PC at the Same Time as Console Now It's Been Delayed to May 2026?GTA 6 Delay Poll Image
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