Take-Two Reaffirms Full-Year Guidance Amid Strong Grand Theft Auto VI Preorders
Take-Two (TTWO) reaffirmed its full-year net bookings target of $8 billion to $8.2 billion during its second-quarter fiscal 2027 earnings call. While second-quarter net bookings of $1.6 billion slightly missed the initial guidance range of $1.62 billion to $1.67 billion due to a slower start for NBA 2K27, management remains optimistic about the second half of the year. The company's growth strategy is heavily anchored by the upcoming release of Grand Theft Auto VI on November 19, 2026, which has seen preorder demand exceed internal expectations. Additionally, Take-Two is focusing on expanding its direct-to-consumer mobile channels to improve profit margins and implementing live content updates for its sports titles to drive recurring player spending.
Tickers: $TTWO
Topics: fiscal year guidance gaming industry net bookings product launch
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Part of the story Take-Two Interactive Reports Strong Grand Theft Auto VI Preorders Amid Cautious Fiscal Forecast (4 articles)