Take-Two raises outlook as GTA 6 pre-orders beat expectations

Take-Two Interactive has raised its fiscal 2027 outlook ahead of the release of "Grand Theft Auto 6" next week, betting on strong pre-orders for the game. CEO Strauss Zelnick said Monday that pre-orders for "GTA 6" exceed expectations, calling it the "biggest, most detailed, and most groundbreaking experience" Rockstar Games has ever created. The company's second-quarter revenue fell 16 percent year-over-year to $1.5 billion, with a net loss of $54 million. "GTA 6" was first announced in November 2023 and delayed twice. Its predecessor "GTA 5" has sold nearly 235 million copies over 13 years. The industry faces pressure from layoffs and unionization efforts at Rockstar's UK studio.