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What Take-Two Interactive Software (TTWO) Said on Its Q2 Earnings Call
Take-Two said pre-orders are running far ahead of expectations, while Sensor Tower estimated 9.69 million digital console pre-orders worth $942 million.
- On Monday, Take-Two Interactive raised its fiscal 2027 revenue guidance to $7.98 billion–$8.18 billion after CEO Strauss Zelnick cited Grand Theft Auto VI pre-orders as "far in excess" of expectations, lifting shares about 4% in after-hours trading.
- Bookings fell 18% to $1.60 billion in the September quarter, which management attributed to NBA 2K27 missing internal forecasts amid an "unusually busy" launch window with competing entertainment releases.
- Sensor Tower estimates digital pre-orders for Grand Theft Auto VI hit 9.69 million units worldwide as of November 10, worth $942 million, while Sony and Microsoft each confirmed record pre-order status on their stores.
- Maintaining a cautious stance, CEO Zelnick said the company "tend to avoid claiming success before it occurs," while reiterating the full-year net bookings outlook of $8 billion to $8.2 billion.
- Take-Two expects to deliver an "historic year" for fiscal 2027, with Grand Theft Auto VI launching November 19 on PlayStation 5 and Xbox Series X|S, plus cloud streaming for Xbox One devices.
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GTA VI hasn't come to market yet, but Strauss Zelnick's words already show that the team will work faster from now on.
·Madrid, Spain
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Total News Sources110
Leaning Left8Leaning Right7Center12Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 30%
C 44%
R 26%
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