Take-Two Interactive reported fiscal second-quarter 2027 results after the US market close on November 9, and the headline numbers were weaker than the company had guided: net bookings fell 18% to $1.60 billion. The publisher still kept its full-year outlook of $8.0 billion to $8.2 billion in net bookings, because the forecast rests on Grand Theft Auto VI, which launches on November 19. Here are the numbers as reported by Investing.com, HeyGoTrade, Yahoo Finance and 24/7 Wall St., and what they say about the next few months. This is general information, not investment advice.
The quarter in numbers
- Net bookings: $1.60 billion, down 18% from $1.96 billion a year earlier and below the company’s own guidance range of $1.62 billion to $1.67 billion (Investing.com).
- GAAP net revenue: $1.50 billion, against $1.77 billion a year earlier (HeyGoTrade). 24/7 Wall St. says that was below the $1.66 billion analysts expected.
- Net loss: $54.0 million, or $0.29 per share, against a loss of $133.9 million, or $0.73 per share, a year earlier (HeyGoTrade). 24/7 Wall St. says the per-share loss was smaller than the $0.86 loss analysts had forecast.
- Recurrent consumer spending: down 9% and 81% of net bookings (HeyGoTrade).
Net bookings count orders when they are placed, while revenue reflects what the company has earned, so the two figures do not match. The results are preliminary until Take-Two files its quarterly report, according to HeyGoTrade.
The outlook that carries the year
Take-Two reiterated fiscal 2027 net bookings of $8.0 billion to $8.2 billion and GAAP net revenue of $7.98 billion to $8.18 billion, with diluted earnings per share of $0.57 to $0.75. For the third quarter, which ends December 31, it guided net bookings of $3.35 billion to $3.5 billion and earnings per share of $1.30 to $1.44. 24/7 Wall St. notes that third-quarter GAAP net revenue is guided to more than double the quarter just reported, and that full-year operating cash flow is guided above $1.0 billion.
That jump is the story. The first half of the fiscal year brought in far less than the second half needs to, and the company ties the difference to GTA VI. Yahoo Finance reports that Chief Financial Officer Lainie Goldstein tied part of the third-quarter Grand Theft Auto forecast to sales of the GTA VI Ultimate Edition, whose add-on content counts toward recurrent consumer spending because it can also be bought separately.
What management said about GTA VI
Chief Executive Strauss Zelnick said pre-orders are running far ahead of initial expectations, according to Yahoo Finance and Investing.com. He still declined to raise the forecast before launch, saying the company tends to avoid claiming success before it occurs. Asked about platforms, he said GTA VI will be on two consoles at launch and that any announcement about other versions would come from the company’s labels, per Yahoo Finance. For more, see our guide to what Rockstar and Take-Two have said about PC.
Cash, debt and the stock
24/7 Wall St. reports that short-term debt rose to $629.2 million from $30.0 million, and that Zelnick named accretive acquisitions as a possible use of cash. HeyGoTrade says the stock closed at $207.40 on November 9, down 3.48%, before the report. 24/7 Wall St. says it gained 8.1% to $224.19 at the November 10 close. Share prices change daily, so check a live quote.
What to watch next
- Any launch-week sales announcement from Take-Two after November 19. The company has not promised one.
- The third-quarter report, due after the quarter closes on December 31, which will show how far the launch lifted bookings.
- Whether the full-year range moves once real sales data exists.
Sources
- Investing.com: Take-Two Q2 FY2027 slides
- HeyGoTrade: Take-Two fiscal Q2 2027 earnings
- Yahoo Finance: What Take-Two said on its Q2 earnings call
- 24/7 Wall St.: Take-Two Q2 2027
We could not open Take-Two’s own investor release (access was blocked), so figures come from these four reports; they agree with each other where they overlap. Image: Rockstar Games.
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