TLDR
- Take-Two stock was up 2.7% in premarket trading Tuesday.
- Quarterly bookings fell 18% to $1.6 billion, just under estimates.
- Full-year bookings guidance of $8 billion to $8.2 billion trails the Street.
- Jefferies kept its Buy rating and $300 price target.
- GTA VI launches Nov. 19, with preorders at 7.71 million units, per Sensor Tower.
Take-Two Interactive (TTWO) stock was up 2.7% in premarket trading Tuesday. The move came after a quarterly report that missed estimates, with Grand Theft Auto VI just ten days from launch.
Take-Two Interactive Software, Inc., TTWO
Bookings for the quarter ended Sept. 30 fell 18% from a year ago to $1.6 billion. Wall Street had expected $1.62 billion.
Take-Two pointed to NBA 2K27, which launched Sept. 4 and brought in lower bookings than planned. Jefferies said bookings landed $20 million below the low end of guidance.
TAKE-TWO $TTWO Q2’27 EARNINGS HIGHLIGHTS
🔹 Net Bookings: $1.60B (Est. $1.66B) 🔴; -18% YoY
🔹 Revenue: $1.50B; -15% YoY
🔹 EPS: -$0.29 (Est. -$0.86) 🟢
🔹 Recurrent Consumer Spending: -9% YoYAffirms FY27 Guide:
🔹 Net Bookings: $8.0B-$8.2B (Est. $8.57B) 🔴
🔹 Revenue:… pic.twitter.com/1sYlSwkWvj— Wall St Engine (@wallstengine) November 9, 2026
The company posted a net loss of 29 cents a share. Analysts had expected a loss of 86 cents.
Guidance Sits Below the Street
Take-Two held its fiscal 2027 bookings outlook at $8 billion to $8.2 billion. Analysts had forecast $8.62 billion.
For the fiscal third quarter, it expects net bookings of $3.35 billion to $3.5 billion. That is roughly in line with estimates.
Mobile was another soft spot. Bookings there fell 14% from a year earlier, against tough comparisons from Color Block Jam and Match Factory.
Jefferies analyst James Heaney called the results not thesis-changing. The firm kept its Buy rating and $300 price target.
The stock is down 19% so far this year. Revenue is still up 15% over the last twelve months.
The Preorder Scoreboard
GTA VI arrives Nov. 19, more than 13 years after its predecessor. GTA V remains one of the best-selling games ever made.
Sensor Tower said 7.71 million copies have already sold, worth $751 million. GTA V earned about $800 million in its first 24 hours, so the new game is close to that mark before a single player has touched it.
CEO Strauss Zelnick said preorders continue “to reach unprecedented levels.” He told Barron’s they are trending “well above our expectations.”
Zelnick added, “We know that the numbers will speak for themselves soon enough.” Analysts forecast 29% revenue growth for fiscal 2027, driven largely by the game.
InvestingPro data shows 17 analyst ratings averaging a Strong Buy. By that analysis, the stock trades above its Fair Value.
Management kept its full-year guidance, citing strong preorders. GTA VI launches Nov. 19.
