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.
© Rockstar Games
"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:
