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GTA VI's release may be pushed to 2026? Speculation of a delayed launch causes a drop in the developer's shares
Whispers began to spread that the eagerly awaited video game, GTA VI, might experience a delay due to production complications. Consequently, the stock value of Take-Two Interactive Software, the creators and developers of the video game, dropped notably.
On Monday, faith in Take-Two Interactive Software Inc. was shaken by reports hinting at a possible postponement in the launch of the eagerly awaited video game, Grand Theft Auto VI, according to Bloomberg.
The stock value of the video game corporation dropped 5.2% in New York after gaming platform Kotaku released a report. The report suggests that the production of the newest version of Grand Theft Auto might be lagging and possibly won't meet its anticipated 2025 launch date.
The report cites insiders who reveal that Rockstar Games, a subsidiary of Take-Two, is targeting a release of the video game in early 2025. Nonetheless, the company's top brass is increasingly worried that they may have to delay the launch, possibly even into 2026, due to the ongoing difficulties of remote work and the plans to enforce returning to the office.
Bloomberg did not receive an instant reply from Take-Two Interactive when asked about the alleged postponement.
Nick McKay, an analyst at Wedbush, voiced worries about how investors might respond if the launch of Grand Theft Auto VI is delayed past the 2025 financial year.
He stressed that any postponement would mean a more extended waiting period than initially expected, which could potentially trigger a negative reaction in the market.
McKay proposed that Take-Two could potentially counteract this adverse sentiment by taking affirmative steps, like unveiling a new Grand Theft Auto VI trailer or offering an optimistic forecast for the 2026 fiscal year.
Bloomberg disclosed in early February that Rockstar had directed its staff to resume full-time office work from April as the production of Grand Theft Auto VI was nearing completion.
This resolution came after several security violations, such as the unauthorized sharing of initial game clips and a trailer that was leaked in December.
Take-Two Interactive's shares have seen a drop of more than 8% since the game's trailer was launched on December 4. This contrasts with the slight increase of less than 1% in the Nasdaq CTA Global Video Games & eSports Index during the same time frame.
(Incorporating information from various sources)
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