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Take-Two Q2 net bookings fall 18% to $1.6bn as GTA 6 pre-orders track 'far in excess' of expectations
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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.
Source report
Take-Two Interactive Software reported lower revenue as the company prepares for the launch of Grand Theft Auto VI, according to The Wall Street Journal.
Forecasts Raised as Launch Nears
Reuters reports that Take-Two has lifted its annual revenue and profit forecasts as the GTA VI launch approaches.
Cultural Impact
The Guardian examines how Grand Theft Auto became a cultural colossus, asking "how Grand Theft Auto became a cultural colossus" in its coverage.
Q2 Results
According to GamesIndustry.biz, Take-Two's Q2 net bookings fell 18% to $1.6 billion, with NBA 2K27 missing forecasts. However, GTA 6 pre-orders are "tracking far in excess" of expectations.
CEO Comments on Presales
Variety reports that GTA 6 presales are "far in excess" of expectations ahead of next week's launch, according to Take-Two's CEO.
Source
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Part of this Story
Take-Two Lifts Forecasts as GTA VI Preorders Exceed Expectations Despite Q2 Revenue Miss