• Take-Two's CEO said in an earnings call Thursday that the delay of "GTA 6" is a "worthy investment."
• The delay led to an initial 8% drop in Take-Two's stock. Shares fell again on Thursday.
• Take-Two said it remains optimistic, citing coming releases like 'Borderlands 4.'

The company behind "Grand Theft Auto 6" tried to spin the game's delayed release as a good thing during an earnings call on Thursday.

"I believe affording Rockstar additional time for such a groundbreaking project is a worthy investment," Take-Two CEO Strauss Zelnick said.

Zelnick went so far as to call the crime-filled video game the "most anticipated entertainment property of all time."

Wall Street doesn't seem to be buying it, however.

Rockstar Games, which produces the "Grand Theft Auto" series, announced on May 2 that the game's release would be delayed until 2026. The announcement sent shares of Take-Two, Rockstar's parent company, tumbling by more than 8%.

Take-Two's stock dipped again on Thursday ahead of the company's earnings call. The company's forecast fell short of expectations, largely due to the delay of "GTA VI."

Zelnick said the "ambition and complexity" of "Grand Theft Auto 6" is greater than any other game Rockstar has created. "The team is poised to release another astonishing entertainment experience that will exceed players' expectations," he said.

Zelnick said the "Grand Theft Auto" series has been "the standard bearer, not just for our company, but for the industry, since it was launched."

"We, of course, do market research around here, and the market research that we've done is pretty astonishing," Zelnick said on the call. "But look, we're not in the business of claiming success until it happens. All we're focused on is making the best possible entertainment here. That's our job. The rest will take care of itself."

Despite the game's delay, Take-Two executives said they expected the company's year to be successful ultimately, pointing to other coming releases like "Borderlands 4" and "Mafia: The Old Country."

• Board game companies are suing Trump because they say tariffs are affecting their profits.
• Stonemaier Games said in the lawsuit it expects to pay "millions" due to tariffs.
• Trump says the tariffs are meant to boost US jobs, but the cost is often passed on to the consumer.

A group of tabletop game companies is suing President Donald Trump because it says his tariffs are reducing their profits to the real-world value of Monopoly money.

Stonemaier Games, which makes the popular board games "Wingspan," "Rolling Realms," and "Vantage," announced its involvement in the lawsuit this week. The company said the lawsuit would "challenge the unchecked authority" of Trump and his tariffs.

"We will not stand idly by while our livelihoods—and the livelihoods of thousands of small business owners and contractors in the US, along with the customers whose pursuit of happiness we hold dear—are treated like pawns in a political game," the company said.

Lawyers for Stonemaier, which is based in St. Louis, said in a legal complaint that the company estimates it will pay "millions in tariffs" because it manufactures all of its games in a Chinese factory owned by Panda Game Manufacturing, which is based in Canada. Stonemaier has printed its games in China for more than 13 years, the lawsuit says.

At least nine other companies joined Stonemaier in the lawsuit, saying Trump's tariffs will cause substantial harm to their business. XYZ Game Labs, Rookie Mage, Spielcraft, and TinkerHouse Games are all board game companies that are joining the lawsuit.

Spielcraft, an independent Nebraska-based board game maker, paid $4,335 in tariff fees in April, the lawsuit says.

Other small businesses also joined the suit. Clothing company Princes Awesome, which makes inclusive clothing for children and adults, paid $1,041 for dresses imported from China in March, according to the lawsuit.

"Princess Awesome has also ordered additional products from Peru, Bangladesh, and India that they anticipate will arrive in the United States in the coming weeks and are continuing to place new orders for imports," the complaint says.

Trump and his treasury secretary, Scott Bessent, have said that the tariffs are part of a strategy to increase manufacturing jobs in the United States. But that could take a while. In the meantime, tariffs can raise prices and reduce the dollar's purchasing power, leaving consumers with less money to spend.

Experts told Business Insider that supply chain disruptions caused by the tariffs could cause prices to spike and the availability of goods to decrease in as early as a few weeks.

Pacific Legal Foundation, which is representing the companies in the lawsuit, said in a statement that Trump's tariffs are unconstitutional and that only Congress should have the power to levy tariffs.

"The Constitution gives Congress—not the president—the power to impose tariffs because policies affecting an entire nation should come from the body most representative of the entire nation," the statement says. "And Congress cannot delegate that core legislative power to the president."