Take-Two has said that Grand Theft Auto 5's release date remains TBA, but Rockstar's title is making "substantial progress".
President and CEO Strauss Zelnick said during the publisher's quarter financial call that Grand Theft Auto 5 is "in full development and showing substantial progress. Other than revealing the game remains TBA in terms of a release date, no other information was divulged.
When asked whether GTA V would see a release this year, Zelnick responded:
“We haven’t talked about a release date, so we can’t talk about the credibility of a release date we haven’t announced.”
Elsewhere, both Max Payne 3, which “sold-in” more than 3 million units, and Spec Ops: The Line were to blame for results that are "below expectations". Consequently, Take-Two's losses were up to $110.8 million.