Take-Two shares rise on earnings, GTA VI launch date reaffirmed
Take-Two Interactive stock rose over 3% in premarket trading Tuesday after its second-quarter earnings report, despite issuing a third-quarter bookings forecast below analyst expectations. The company projected current-quarter bookings of $3.35 billion to $3.50 billion, versus the $3.51 billion consensus estimate. For the second quarter, Take-Two reported a loss of $0.29 per share, missing the expected $0.97 profit, while bookings reached $1.5 billion, above the $1.58 billion consensus. The company issued full-year fiscal 2027 guidance of $0.57 to $0.75 earnings per share and revenue of $7.98 billion to $8.18 billion, below analyst expectations of $8.51 billion. Take-Two reiterated that Grand Theft Auto VI will launch for PlayStation 5 and Xbox Series X|S on November 19, 2026. CEO Strauss Zelnick cited unprecedented pre-orders, while analysts noted GTA VI pre-orders are far exceeding initial expectations, though BTIG analysts flagged a slight step down in third-quarter unit sales forecasts.