Speaking with investors during the firm's 2013 first fiscal quarter earnings report, company president Strauss Zelnick avoided direct answers when asked about the Grand Theft Auto sequel.
"We haven't talked about a release date, so we can't talk about the credibility of a release date we haven't announced," Zelnick said when asked about a rumoured release date.
Zelnick added that Grand Theft Auto 5 is "in full development and showing substantial progress". The quarterly financial report still lists the title as TBA, indicating a release date "to be announced".
Investors are eager for a Grand Theft Auto 5 announcement after lower than expected sales of both Max Payne 3 and Spec Ops: The Line. As a result, the publisher experienced $226.1 million in net revenue compared to $334.4 million for the same period last year. It also saw a $110.8 million loss compared to an $8.6 million loss for the same quarter in 2012.
Take Two is still hopeful for its next quarter, reporting that Borderlands 2 is the third most pre-ordered game in the publisher's history, behind only Grand Theft Auto 4 and Grand Theft Auto: San Andreas.
Watch the trailer for Grand Theft Auto 5 below: