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Take-Two Q2 net bookings fall 18% to $1.6bn as NBA 2K27 misses forecast but GTA 6 pre-orders are "tracking far in excess" of expectations

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Take-Two Q2 net bookings fall 18% to $1.6bn as NBA 2K27 misses forecast but GTA 6 pre-orders are "tracking far in excess" of expectations

Publisher reiterates full-year net bookings outlook of $8 billion to $8.2 billion ahead of GTA 6's launch next week

Take-Two Interactive has published its financial results for its second fiscal quarter, with net bookings down 18% to $1.60 billion and net revenue down 16% to $1.50 billion.

Net bookings came in slightly below the $1.62 billion to $1.67 billion the publisher had advised. Take-Two said NBA 2K27 had the second-highest net bookings launch in the series' history, but still fell short of its forecast for the period.

The company has kept its full-year net bookings outlook at $8 billion to $8.2 billion, with Grand Theft Auto 6 due to launch on November 19.

NBA 2K27 has sold over 4 million units since its September 4 launch. Take-Two said the launch window was "unusually busy," and expects net bookings and engagement to pick up in the second half of the fiscal year as more post-launch content arrives.

The Grand Theft Auto series beat the publisher's forecast for the quarter. Grand Theft Auto 5 has now sold nearly 235 million units, and both recurrent consumer spending and average monthly GTA+ members grew by a double-digit percentage.

Take-Two said pre-orders for Grand Theft Auto 6 are "tracking far in excess of our initial expectations." The company expects operating expenses to rise by around 21% year-on-year in the third quarter on a management basis, primarily due to marketing for the game.

Mobile performed in line with Take-Two's plans. Net bookings for Color Block Jam fell by double digits against a peak in the same quarter last year, while Toon Blast grew 4% and Words With Friends grew 6%, helped by a collaboration with Wheel of Fortune.


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