Confirmed for a spring release earlier this week, Take-Two CEO Strauss Zelnick told investors that the game wouldn't launch until the next fiscal year, which runs from April 2013 to the end of March the following year, reports Videogamer.
"As a result, we continue to expect to deliver revenue growth and non-GAAP profits for fiscal year 2013 even without a major new release of Grand Theft Auto, and we're positioned to generate substantial revenue and earnings growth in fiscal 2014," explained Zelnick.
Chief financial officer Lainie Goldstein also confirmed the news, saying: "We've announced that it's during spring 2013 release time period, and not in this fiscal year."
During the same financial call, Zelnick promised a "ground-breaking" title, before hinting at more triple-A downloadable content.
"I think you can safely assume that Rockstar, as the label that led the charge in downloadable content with Grand Theft Auto 4 - I think you'd have every reason to believe, purely because of the ground-breaking nature of the title itself and the multiplayer in the title, that there's going to be a lot of interesting stuff. But I'll leave that to Rockstar to announce."
Copyright: Rockstar GamesAnnounced last year, Grand Theft Auto 5 is thought to follow the exploits of lead character Albert De Silva, played by Ned Luke.
Set in Los Santos, which is loosely based on present-day Southern California, the game is said to take place in "the largest and most thriving game-world" Rockstar has ever created.
It has previously been tipped for an October release, following a leaked developer CV.
> 'Grand Theft Auto': Most memorable missions
Watch the original Grand Theft Auto 5 trailer below: