Tech · $TTWO
Take-Two Reports Monday With GTA VI 10 Days Away and a Second-Half-Heavy Bookings Target
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The publisher guided to $1.62 billion to $1.67 billion in quarterly net bookings and reiterated $8.0 billion to $8.2 billion for the year.
By Noris Ortiz ·
Take-Two Interactive Software will report fiscal second-quarter 2027 results after the market close on Monday, November 9, with a conference call at 4:30 p.m. ET, the company said. The quarter covers the three months ended September 30 [1].
The report lands 10 days before the planned November 19 launch of Grand Theft Auto VI on PlayStation 5 and Xbox Series X|S, a date Take-Two confirmed in its August earnings release [2]. The company's guidance for the full fiscal year is built around that launch.
In that August 7 release, Take-Two reported first-quarter net bookings of $1.39 billion, down 3% from $1.42 billion a year earlier, with recurrent consumer spending at 84% of the total. GAAP net revenue was $1.53 billion, and the company posted a GAAP net loss of $34.1 million, or 18 cents per share, which included a $43.4 million impairment charge in cost of revenue [2].
For the quarter being reported, the company guided to net bookings of $1.62 billion to $1.67 billion and a GAAP net loss of 75 to 84 cents per share. For fiscal 2027 it reiterated net bookings of $8.0 billion to $8.2 billion and GAAP diluted earnings of 55 to 75 cents per share [2].
Those ranges imply a heavily back-loaded year. Adding the first-quarter result to the second-quarter guidance gives roughly $3.0 billion to $3.1 billion of net bookings for the first half, by StockVolt's arithmetic. Reaching $8.0 billion to $8.2 billion would therefore require roughly $4.9 billion to $5.2 billion in the second half, the period that includes the launch of the new Grand Theft Auto title.
Chief executive Strauss Zelnick said in August that the first-quarter results reflected "the power of our portfolio" [2]. A Zacks Equity Research preview published on Yahoo Finance on November 4 said the Extended Look trailer released on August 27 was expected to have strengthened pre-orders, and that anticipation for GTA VI and NBA 2K27 should support the bookings target. It also noted that Take-Two beat the Zacks consensus earnings estimate in each of the last four quarters [3].
The most important item on Monday is likely to be whether management reaffirms both the November 19 date and the full-year bookings range. Any change to the launch timing would alter the second-half arithmetic and would be material for the stock. Commentary on pre-orders, marketing plans and expected spending around the launch will also be closely read, since the company is guiding to a loss for the current quarter.
Investors may also look for detail on recurrent consumer spending, which made up most of first-quarter bookings, because it supports revenue in the quarters when no major new release is available. The company's own release and the accompanying filing will be the primary documents for checking the reported figures on Monday evening.
Sources:
[1] Take-Two Interactive Software, "Take-Two Interactive Software, Inc. to Report Second Quarter Fiscal Year 2027 Results on Monday, November 9, 2026", October 13, 2026. https://taketwointeractivesoftwareinc.gcs-web.com/news-releases/news-release-details/take-two-interactive-software-inc-report-second-quarter-fiscal-8
[2] Take-Two Interactive Software, "Take-Two Interactive Software, Inc. Reports Results for Fiscal First Quarter 2027", August 7, 2026. https://www.sec.gov/Archives/edgar/data/0000946581/000162828026054580/ttwo1q27earningsrelease.htm
[3] Zacks Equity Research via Yahoo Finance, "Take-Two to Report Q2 Earnings: What's in the Cards for the Stock?", November 4, 2026. https://finance.yahoo.com/markets/stocks/articles/two-report-q2-earnings-whats-144000140.html
This article was produced with AI assistance. It is for informational purposes only and is not financial advice. StockVolt and its authors may hold positions in securities mentioned.