Take-Two Interactive reiterated its full-year net bookings outlook on Monday as the company prepares to release Grand Theft Auto VI on Nov. 19, with Chief Executive Strauss Zelnick saying pre-orders are reaching “unprecedented levels.”
Net bookings, the company’s main sales measure, fell 18% to $1.60 billion in the fiscal second quarter from $1.96 billion a year earlier. Under standard accounting, net revenue was $1.50 billion, down from $1.77 billion, and the net loss narrowed to $54.0 million, or 29 cents a share, from $133.9 million, or 73 cents.
CNBC reported that adjusted earnings of $1 a share and revenue of $1.60 billion topped LSEG estimates of 94 cents and $1.58 billion. Recurrent consumer spending, which includes in-game purchases, fell 9% and made up 81% of net bookings.
Take-Two kept its forecast for fiscal 2027 net bookings of $8.0 billion to $8.2 billion. For the December quarter, when Grand Theft Auto VI goes on sale, it expects net bookings of $3.35 billion to $3.5 billion.
The shares closed down 3.5% at $207.40 in the regular session, then rose about 4% in after-hours trading following the report, CNBC reported. Investors will watch early sales of the game after its Nov. 19 release.
