Take-Two Reaffirms $8.0 Billion to $8.2 Billion Bookings Outlook With GTA VI Days Away
Take-Two Interactive on Monday stood by its forecast for $8.0 billion to $8.2 billion of fiscal 2027 net bookings, with Grand Theft Auto VI ten days from launch, even as bookings in the quarter just ended fell 18%, according to its earnings release.
Net bookings, the company's main operating metric, dropped to $1.60 billion in the fiscal second quarter ended Sept. 30 from $1.96 billion a year earlier. GAAP net revenue was $1.50 billion, down from $1.77 billion.
The net loss narrowed to $54.0 million, or 29 cents a share, from $133.9 million, or 73 cents, a year earlier.
"The launch of Grand Theft Auto VI is ten days away and, with pre-orders continuing to reach unprecedented levels, we expect to deliver an historic year for our company," Chairman and Chief Executive Strauss Zelnick said in the release.
The outlook
For the fiscal year ending March 31, 2027, Take-Two expects GAAP net revenue of $7.98 billion to $8.18 billion and diluted earnings of 57 cents to 75 cents a share. It expects more than $1 billion of operating cash flow.
For the fiscal third quarter ending Dec. 31, the quarter that includes the game's launch, the company guided to GAAP net revenue of $3.27 billion to $3.42 billion and diluted earnings of $1.30 to $1.44 a share.
Where the bookings came from
Recurrent consumer spending, which includes virtual currency, add-on content and in-game purchases, fell 9% and made up 81% of net bookings. NBA 2K, the Grand Theft Auto series and Toon Blast were the largest contributors, according to the release.
Zelnick said the company plans to build on the year with new releases, geographic expansion and "accretive M&A."
By the numbers
- Q2 net bookings: $1.60 billion, down 18%
- GAAP net revenue: $1.50 billion
- Net loss: $54.0 million, or $0.29 a share
- FY2027 net bookings outlook: $8.0 billion to $8.2 billion
- Q3 GAAP EPS outlook: $1.30 to $1.44
Sources
- Form 8-K with Exhibit 99.1 earnings release, Take-Two Interactive Software, Inc., filed Nov. 9, 2026, accession 0001628280-26-072175
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