Business
US-TECHNOLOGY-INTERNET-GAMES-GTA
(Chris Delmas/Getty Images)
WASTED

Gaming savior “GTA 6” just got pushed back to next year, sending Take-Two stock plunging

“Grand Theft Auto VI” was set to be the biggest release of 2025, driving overall console sales.

Max Knoblauch
5/2/25 8:40AM

Fans will have to wait a little longer to play the biggest game of the decade.

Take-Two Interactive on Friday morning announced that it’s delaying the release of “Grand Theft Auto VI — a game expected to break $1 billion in preorder sales alone — from fall 2025 to May 26, 2026.

Take-Two shares were down 8% in early trading as investors adjusted to the news. When the company last reported earnings in February, it said it was on track for a fall release — sending its shares surging. Sony, which along with rival Xbox was expected to get a console sales boost this fall from the title, was also down in early trading Friday.

Some researchers have forecast $3.2 billion sales for GTA 6 in its first year — a figure that would roughly double 2024’s top box office performer.

We need this extra time to deliver at the level of quality you expect and deserve, Take-Two’s label, Rockstar, said in a statement.

Expect competitor gaming studios to start rapidly announcing fall release dates; many were delaying or holding off on setting official dates in the chance they became overshadowed by the massive game.

More Business

See all Business
business

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.