Strauss Zelnick Speaks on GTA 6 Delay, Stock Drop

Take-Two CEO Strauss Zelnick has stepped forward to address shareholder concerns following the unexpected GTA 6 delay announcement.

Rockstar recently revealed a substantial postponement for what's anticipated to be the most massive entertainment release ever. Originally scheduled for fall 2025 on PlayStation 5 and Xbox Series X/S, GTA 6 will now launch May 26, 2026 - pushing it from Take-Two's 2026 fiscal calendar into 2027.

Market reaction was immediate, with Take-Two shares dropping nearly 8% in early trading following the news. On its corporate website, Take-Two maintained its forecast for consecutive Net Bookings growth and record revenue performance across fiscal years 2026 and 2027.

Zelnick personally voiced support for Rockstar's decision, telling investors the company anticipates sustained long-term growth despite the setback.

"We fully stand behind Rockstar Games' choice to allocate additional development time realizing their creative vision for Grand Theft Auto VI," Zelnick stated. "This promises to be an industry-defining entertainment experience that will surpass fan expectations."

"While we carefully consider game scheduling and recognize global excitement for GTA VI, our commitment to quality remains absolute. With our strong upcoming releases, we're positioned for multi-year business growth and increased shareholder value."

The GTA 6 delay removes billions in expected FY2026 revenue - so what's left in Take-Two's portfolio? Alongside Rockstar, the publisher owns 2K Games and 2K Sports. Highlights include September's Borderlands 4 launch, Mafia: The Old Country releasing later this year, and NBA 2K26's predictable profitability. Future projects include a new BioShock installment and Ken Levine's Judas.

However, none of these titles can realistically compensate for GTA 6's financial impact in the short term. Ironically, many fans anticipated delays despite hopes for consolation content like fresh screenshots.