Take 2 sinks 7% on delay of Grand Theft Auto VI to Nov. 2026
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Shares of Take-Two Interactive Software Inc. slipped 8.08% to $232.00 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.13% to 6,
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Take-Two CEO Strauss Zelnick is defending the company's culture and labor record against accusations of union busting, saying Take-Two is "incredibly proud" of its labor relations.
Mafia: The Old Country was released earlier this year, and according to the results Take-Two Interactive received, it proved their theory.
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Take-Two's Q2 Loss Narrows Year Over Year, Revenue Outlook Raised
Take-Two Interactive Software TTWO posted a second-quarter fiscal 2026 GAAP net loss of 73 cents per share, narrower than a loss of $2.08 reported in the year-ago quarter. The Zacks Consensus Estimate for earnings was pegged at 91 cents per share.
Gamers took the latest delay to the long-awaited Grand Theft Auto VI hard, but stock analysts are undaunted, with the vast majority recommending investors stick with Take-Two Interactive Software Inc.
Take-Two Interactive's quarterly earnings are up from last year, but that hasn't stopped its stock from falling in the wake of GTA 6's delay.
Take-Two Interactive is getting set for its next earnings call, and fans are prepping for what might be announced!
Take-Two stock sinks as the company announces yet another delay in launching GTA VI. But Wall Street remains bullish on TTWO shares after robust Q2 earnings.
NBA Take-Two Media, the joint venture between the pro basketball league and video game giant, is ready to pull back the curtain on its plans for a rebooted NBA 2K League, a reboot that puts content creators at the center of the strategy.