Take-Two Stock Drops 7% Amid GTA 6 Delay to November 2026

TL;DR Summary
Take-Two's stock dropped 7% after announcing the delay of Grand Theft Auto VI to November 2026, citing the need for additional polish. Despite the delay, the company reported strong revenue growth of 33% to $1.96 billion and raised its fiscal year bookings outlook, driven by successful titles like NBA 2K26 and Red Dead Redemption 2. The delay has not impacted the company's overall positive financial outlook.
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