Take-Two Reiterates Fiscal 2027 Guidance Ahead of GTA VI
Take-Two Interactive reported mixed second-quarter results and missed bookings targets due to NBA 2K27, but maintained its full-year outlook driven by Grand Theft Auto VI.
Take-Two Interactive Software reported mixed fiscal second-quarter 2027 results on November 9, 2026, beating GAAP earnings guidance but missing net bookings targets. Net revenue reached $1,497 million, while net bookings totaled $1,601 million, falling short of the projected $1,620 million to $1,670 million range.
The company attributed the bookings shortfall to NBA 2K27 performing below internal forecasts. Despite the miss, management reiterated its full-year fiscal 2027 net bookings guidance of $8 billion to $8.2 billion. This outlook is supported by the upcoming November 19 launch of Grand Theft Auto VI, with pre-orders tracking far above initial expectations.
CEO Strauss Zelnick identified accretive M&A as a capital allocation priority alongside organic growth. The company expects a significant financial shift in the third quarter, projecting GAAP net income of $250 million to $276 million as the GTA VI release begins to impact results. Meanwhile, the company expects moderation in the performance of mature titles from its subsidiary, Zynga.
