Take-Two Lifts Revenue Outlook as GTA VI Preorders Swamp Forecasts — and Squeeze NBA 2K27
Published on 11/10/2026 at 12:11 | Editorial boerse-global.de
Take-Two Interactive gave investors two narratives to chew on this week: a full-year revenue target nudged higher on the strength of unprecedented Grand Theft Auto VI preorders, and a basketball title that fell short of internal plans — partly, according to Bloomberg, because its own blockbuster is cannibalizing demand.
Shares rose 4.6% today following the upgraded guidance.
Top Line Raised, Bookings Held
For fiscal 2027, Take-Two now projects GAAP revenue of $7.98 billion to $8.18 billion, up from a prior range of $7.90 billion to $8.10 billion. The net bookings forecast was left untouched at $8.0 billion to $8.2 billion.
The lift comes despite a softer second quarter. Net bookings for the period landed at $1.60 billion, down 18% year over year, while GAAP revenue slipped 16% to $1.50 billion. Bloomberg reported that analysts had been looking for $1.65 billion in bookings.
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Recurring consumer spending, which carries outsized weight in the mix, also came in light — down 9% and accounting for 81% of total net bookings.
Preorders Beyond the Company's Own Script
CEO Strauss Zelnick said yesterday that GTA VI preorders are running far above Take-Two's original expectations, though no specific order figures were disclosed. The company reaffirmed the game's launch date of November 19, 2026.
Macquarie initiated coverage of Take-Two on Friday with an outperform rating and a $300 price target, citing multi-year growth prospects tied to GTA VI and GTA Online.
NBA 2K27 Misses the Mark
Not every release is pulling its weight. NBA 2K27 notched the second-highest bookings performance in the franchise's history but still fell short of the company's forecast, with more than 4 million copies sold proving insufficient to meet internal targets. Bloomberg framed the shortfall as partly a function of GTA VI siphoning attention ahead of its release.
That dynamic puts a premium on the breadth of Take-Two's slate: the GTA VI surge only helps if it more than offsets softness elsewhere.
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The December Quarter Is the Real Test
Guidance for the fiscal third quarter calls for net bookings of $3.35 billion to $3.50 billion — a sharp step up from the latest period, but below the $3.51 billion analyst consensus compiled by LSEG, according to Reuters.
CFO Lainie Goldstein expects recurring consumer spending in fiscal 2027 to match fiscal 2026 levels and represent 65% of net bookings. Hitting that number assumes strong growth across the GTA franchise — particularly via the GTA VI Ultimate Edition — alongside high-single-digit percentage gains for NBA 2K.
For shareholders, the outlook now hinges on whether the preorder wave converts into hard sales and whether recurring spending rebounds as projected. Until NBA 2K27 closes the gap to internal goals, the GTA franchise will have to carry a correspondingly heavier load.
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Take-Two Interactive Stock: New Analysis - 10 November
Fresh Take-Two Interactive information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
