What Take-Two Interactive Software (TTWO) Said on Its Q2 Earnings Call
Take-Two said 7.71 million digital pre-orders worldwide for Grand Theft Auto VI are helping offset a weaker quarter for NBA 2K27.
- On Monday, November 9, Take-Two Interactive raised its fiscal 2027 revenue forecast to $7.98 billion–$8.18 billion, citing CEO Strauss Zelnick's report that Grand Theft Auto VI pre-orders are tracking "far in excess" of expectations.
- The company's fiscal second-quarter net bookings fell 18% to $1.6 billion, with management attributing softer results to a crowded release calendar that diverted consumer spending toward the anticipated GTA VI launch.
- Research firm Sensor Tower estimates approximately 7.71 million digital pre-orders worldwide as of November 3, with nearly 90% of buyers selecting the higher-end version priced at $99.99.
- Despite strong pre-order momentum, Take-Two maintained its fiscal 2027 net bookings guidance at $8 billion to $8.2 billion, with Zelnick stating the company wants to "avoid claiming success before it occurs."
- Management expects GTA VI to establish a new baseline for long-term financial performance, building on Grand Theft Auto V's enduring strength of over 230 million units sold since 2013.
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GTA VI presales ‘far in excess’ of expectations, Take-Two CEO says
Grand Theft Auto VI is ready to download. Rockstar Games opened pre-loading on Tuesday for everyone who pre-ordered the game digitally. It launches in nine days, on 19 November, on PlayStation 5 and Xbox Series X|S. The day before, its publisher Take-Two Interactive reported its quarterly results and said pre-orders keep climbing. It kept its […] This story continues at The Next Web
Take-Two Jumps 8% as GTA VI Preorders Run 'Far in Excess' of Expectations; Sony and Roblox Slide 2%
A soft quarter is taking a back seat to blockbuster preorder demand at one of gaming’s biggest publishers. Take-Two Interactive (NASDAQ:TTWO) stock is at $223.49 in morning trading, up 8%. The company reported its fiscal Q2 2027 results late on November 9, and management’s comments on Grand Theft Auto VI (GTA VI) preorders are doing […]
Take-Two CEO: GTA VI preorders are 'vastly exceeding' expectations
Take-Two Interactive CEO Strauss Zelnick tells CNBC that preorders for Grand Theft Auto VI are surpassing the company's already high expectations ahead of its November 19 release, though he declined to share specific numbers.
Take-Two reported a weaker-than-expected quarter, but its stock rose more than 4 percent after a quick report on Monday. The video game publisher confirmed that Grand Theft Auto VI will be released on November 19, and the CEO said that pre-orders for it have been much higher than initially expected. The company raised its full-year revenue forecast, but left unchanged its expectations for a metric that tracks game sales and in-game spending.
What Take-Two Interactive Software (TTWO) Said on Its Q2 Earnings Call
Take-Two Interactive Software (NASDAQ:TTWO) reiterated its fiscal 2027 net bookings forecast even after second-quarter bookings fell short of guidance, as executives pointed to stronger-than-expected preorders for the coming release of Grand Theft Auto VI. The video game publisher reported $1.6 bil
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