Take-Two Interactive Software reported bookings of $1.6 billion for the second fiscal quarter ended September 30, down 18% from a year ago and below analyst expectations.
New York-based Take-Two said that the NBA 2K27 launched during the quarter and hit its second-highest net bookings performance in history, but it was below Take-Two’s forecast for the period.
Of course, it’s quite possible this under-performance may not spook investors at all, as the launch of Grand Theft Auto VI is just 10 days away on November 19. That launch is expected to be the biggest game launch of all time.
The company said preorders for Grand Theft Auto VI are tracking “far in excess of our initial expectations and we know that the numbers will speak for themselves soon enough.”
The company updated its fiscal year 2027 outlook and reiterated expectations for net bookings of $8.0 to $8.2 billion for the year ending March 31, 2027. In after-hours trading, Take-Two’s stock is up 5%.
Strauss Zelnick, chairman and CEO of Take-Two, said in a statement, “The launch of Grand Theft Auto VI is ten days away and, with pre-orders continuing to reach unprecedented levels, we expect to deliver an historic year for our company.”
Zelnick added, “We are reiterating our outlook for Fiscal 2027 Net Bookings of $8 to $8.2 billion, and are confident in our ability to build on this incredible year as we release new hits, explore emerging business opportunities, expand our geographic footprint, and pursue accretive M&A – all of which will set us on a path to unlock greater earnings power and long-term shareholder value.”
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