Take-Two Sets GTA VI Release Date, Beats Q1 Net Bookings Guidance
Key Facts
In a major milestone for the gaming industry, Take-Two Interactive has officially scheduled the release of Grand Theft Auto VI for November 19, alongside reporting better-than-expected quarterly metrics. According to analyst reports, the company achieved net bookings of $1.39 billion for the first quarter ended June 30, slightly exceeding prior guidance, while reporting a GAAP net loss of $34.1 million.
The financial results underscore the publisher's robust pipeline, as management reiterated its full-year fiscal 2027 net bookings outlook of $8.0 billion to $8.2 billion. Per market data, this performance highlights the enduring strength of the company's software portfolio, which CEO Strauss Zelnick noted as a key driver for the quarter's 'excellent' operational execution despite the bottom-line loss.
As of the close on August 6, 2026, TTWO was priced at $232.47, having reached a session high of $242.97 and a low of $228.20. Investors will be monitoring the $242.97 resistance level as the November launch catalyst approaches, focusing on whether the company can maintain its ambitious full-year guidance targets.
Latest Updates · 3
- Notable·
Update: The company officially opened pre-orders for Grand Theft Auto VI on June 25. This move marks the beginning of the direct revenue cycle for the publisher's most anticipated title, bolstering expectations for cash flow generation ahead of the scheduled November release.
- Notable·
Update: The company has issued its outlook for the second quarter, forecasting revenue between $1.42 billion and $1.47 billion. Additionally, management established an expected EPS range of $0.55 to $0.75 for fiscal year 2027, providing investors with clearer visibility into the company's long-term profitability path.
- Major·
Update: Take-Two Interactive management confirmed that the highly anticipated launch of Grand Theft Auto VI remains on track for November, while also maintaining its annual bookings guidance. This reaffirmation provides clarity on the company's major release pipeline and reinforces investor confidence in its long-term financial trajectory.