Take-Two Lifts Forecasts as GTA VI Preorders Exceed Expectations Despite Q2 Revenue Miss
Take-Two Interactive reported fiscal Q2 2027 revenue of $1.5 billion, down from $1.77 billion a year earlier and below analyst expectations, with a net loss of $54 million and an 18% decline in net bookings. NBA 2K27 also underperformed. Despite the weak quarter, the company raised its full-year revenue outlook to roughly $8 billion to $8.2 billion, citing "unprecedented" Grand Theft Auto VI preorders ahead of the game's November 19 launch. Shares rose more than 8% as investors focused on the flagship release.
IllustrationEditorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page reads the event directly, while its address stays stable when the title changes.
- Summary covers the current reports
Cross-source coverage
Reporting timeline
Take-Two Stock Jumps 8% on Record GTA VI Preorders Despite Q2 Revenue Miss
Take-Two Interactive's stock rose more than 8% on Tuesday morning after the company reported 'unprecedented' preorders for 'Grand Theft Auto VI,' despite missing analyst expectations with Q2 revenue of $1.5 billion, down from $1.77 billion a year prior. CEO Strauss Zelnick said preorders are tracking far in excess of initial expectations and that fiscal 2027 will be 'historic.' The company boosted its full-year revenue outlook to between $7.98 billion and $8.18 billion, driven by early GTA VI preorder success. The game, delayed twice to a November 19 release, is the first new entry since 2013's GTA V. Q2 also showed a net loss of $54 million, or $0.29 per share, and 'NBA 2K27' sold over 4 million units since September, below expectations.
Read sourceTake-Two Says GTA 6 Preorders Far Exceed Expectations Ahead of Launch
Take-Two Interactive reported lower revenue and an 18% decline in Q2 net bookings to $1.6 billion, with NBA 2K27 missing forecasts, according to WSJ and GamesIndustry.biz. Despite the weaker quarter, the company lifted its annual revenue and profit forecasts as the GTA VI launch approaches, Reuters reported. GameSpot noted that GTA 6 preorder numbers are so strong that even Take-Two is struggling to believe them, while GamesIndustry.biz said preorders are "tracking far in excess" of expectations. Yahoo Finance raised the question of whether the imminent GTA VI launch is already priced into Take-Two stock. The reports attribute the upbeat forecast to anticipated GTA VI demand, though the company's current-quarter bookings fell short of some forecasts.
Read sourceGTA 6 Miami Launch Builds as Wall Street Sees 37% Upside for Take-Two
Grand Theft Auto VI is set to launch on November 19, with Rockstar and PlayStation hosting a star-studded festival at Miami's Mana Wynwood two days later featuring Travis Scott, Cardi B, and Metro Boomin. Comcast's Xfinity expects its busiest network week ever. Take-Two Interactive (NASDAQ: TTWO) closed November 9 at $207.40, down 3.48%, but 29 Wall Street analysts have an average 12-month price target of $283.96, implying 36.9% upside; Bank of America targets $330, JPMorgan $310, and Jefferies $300. The optimism persists despite Take-Two's latest quarter showing net bookings down 18% to $1.60 billion and a $54 million net loss. CEO Strauss Zelnick expects GTA 6 to deliver an historic year, citing unprecedented pre-orders, with Sensor Tower estimating 7.71 million digital pre-orders by early November. JPMorgan estimates annual guidance assumes roughly 34 million GTA 6 sales, while BTIG and Bank of America recently trimmed their targets.
Read sourceShow 3 older updatesHide older updates
Take-Two Raises Forecasts as GTA VI Launch Nears, Preorders Exceed Expectations
Take-Two Interactive lifted its annual revenue and profit forecasts as the launch of 'Grand Theft Auto VI' approaches, according to Reuters. The company also reported lower revenue ahead of the release, WSJ noted. Take-Two's CEO said GTA VI preorders have reached 'unprecedented levels,' with presales 'far in excess' of expectations ahead of next week's launch, according to Yahoo Finance and Variety. The Guardian published a cultural retrospective on how Grand Theft Auto became a cultural colossus. The coverage centers on the highly anticipated game release and its expected financial impact on the publisher.
Read sourceTake-Two misses Q3 revenue estimates but touts GTA VI launch
Take-Two Interactive reported calendar Q3 2026 (fiscal Q2 2027) revenue of $1.5 billion, down 23.6% year on year and 9.5% below analysts' consensus of $1.65 billion. GAAP loss per share was $0.29 versus consensus of -$0.86. Adjusted EBITDA came in at $92.2 million, a 64.2% miss. Next quarter's revenue guidance of $3.35 billion was 3.7% below consensus, and full-year GAAP EPS guidance of $0.66 missed by 61.6%. CEO Strauss Zelnick said the launch of Grand Theft Auto VI is ten days away with pre-orders reaching unprecedented levels, and reiterated fiscal 2027 net bookings outlook of $8 to $8.2 billion. The company slightly lifted full-year revenue guidance to $8.08 billion at the midpoint. Shares rose 2.9% to $215.65 after the results. Analysts expect revenue to grow 59.3% over the next 12 months.
Read sourceTake-Two Reports Lower Revenue but Lifts Forecasts as GTA VI Launch Nears
Take-Two Interactive Software reported lower revenue and an 18% decline in Q2 net bookings to $1.6 billion, with NBA 2K27 missing forecasts, according to GamesIndustry.biz. Despite the revenue decline reported by WSJ, Reuters says the company lifted its annual revenue and profit forecasts as the launch of 'GTA VI' approaches. Take-Two CEO said GTA 6 presales are 'far in excess' of expectations ahead of next week's launch, Variety reported. The Guardian examined how Grand Theft Auto became a cultural colossus. The mixed signals reflect near-term softness in some titles offset by strong anticipation for the flagship release.