Take-Two Reports Q2 2027 Results with Net Bookings Slightly Below Guidance
Take-Two Interactive (TTWO) reported second-quarter fiscal 2027 net bookings of $1.60 billion, missing the company's guided range of $1.62 billion to $1.67 billion. The slight miss was attributed to lower-than-expected initial performance from NBA 2K27, despite it achieving the second-highest net bookings in the franchise's history. While GAAP net revenue fell 16% year-over-year to $1.50 billion, the company improved its bottom line, reporting a narrowed GAAP net loss of $54 million compared to $133.9 million in the prior year. Looking ahead, management provided strong guidance for the third quarter, projecting net bookings between $3.35 billion and $3.5 billion. This significant increase over last year's $1.76 billion is driven by the highly anticipated launch of Grand Theft Auto VI. The company also reiterated its full-year fiscal 2027 net bookings guidance of $8 billion to $8.2 billion, signaling confidence in upcoming major releases and recurrent consumer spending.