Take-Two earnings leave annual sales outlook intact ahead of GTA VI launch

Q2 2027 earnings recap

Take-Two kept its $8–8.2 billion annual sales outlook despite softer quarterly demand, leaving the November 19 Grand Theft Auto VI launch central to its growth plans.

• Fiscal second-quarter revenue fell 16% to $1.5 billion, while bookings, a measure of games and services sold, declined 18% to $1.6 billion and fell below management’s prior $1.62–1.67 billion range.
• The net loss narrowed to $54 million, or $0.29 per share, helped by a tax benefit even as the operating loss widened to $118 million.
• Management raised its full-year revenue forecast to $7.98–8.18 billion from $7.9–8.10 billion while keeping its bookings forecast unchanged.
• Recurring player spending, including virtual items and add-on content, fell 9% and supplied 81% of bookings, making engagement after new releases especially important.
• The shares traded about 3.9% above the regular close after the release on November 9, while the $207.4 regular close valued the company at roughly six times trailing annual revenue.
• The regular close sat near the $207 50-day average, with recent highs around $217–219 marking the next chart hurdle and $199–204 a nearby support area.

Watch whether the GTA VI launch and holiday demand deliver the expected sales surge, because delays or weaker player spending could challenge the annual outlook.