Take-Two shares rose 8.3% after earnings, despite second-quarter net bookings coming in slightly below guidance. Investors may be responding to the reiterated $8.0–$8.2 billion fiscal 2027 outlook and GTA VI preorders tracking “far in excess” of initial expectations.
- Q2 net bookings were $1.6 billion, below the company’s $1.62–$1.67 billion guidance range.
- NBA 2K27 delivered the series’ second-highest launch net bookings, but fell short of Take-Two’s forecast; sales have topped 4 million units.
- Management reiterated fiscal 2027 net bookings guidance of $8.0–$8.2 billion. The outlook includes GTA VI’s November 19 launch and anticipated second-half growth in NBA 2K27 recurrent consumer spending.
- GTA VI preorders are tracking well above initial expectations. GTA V has sold nearly 235 million units, while GTA Online recurrent consumer spending and GTA+ average monthly members each grew at a double-digit rate.
- Mobile was in line with plans, but performance was mixed: Color Block Jam bookings declined double digits from last year’s peak, while Toon Blast grew 4% and Words With Friends grew 6%.
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