$TTWO

Take-Two Interactive said pre-orders for Grand Theft Auto VI have exceeded internal forecasts, without disclosing a figure. It kept its fiscal 2027 net bookings outlook at $8.0 to $8.2 billion and reported Q1 FY2027 revenue of $1.39 billion. GTA VI’s Netflix extended look is set for Aug. 27, with release on Nov. 19, 2026.

Take-Two Interactive CEO Strauss Zelnick defended Rockstar’s decision for GTA VI to skip a physical disc, saying the business is over 90% digitally distributed and most players must register online. Pre-orders began June 25, with fans upset that retail editions will include only a download code. Sony plans to end PlayStation physical discs in 2028, and Netflix will air an extended look on Aug. 27.

Take-Two CEO Strauss Zelnick said on its FY2027 Q1 earnings call that cloud gaming could become commercially viable with low latency within three years, potentially increasing the effective gaming installed base by 10x, though revenue may not rise similarly. He cited higher console and PC hardware costs and noted Take-Two is 90% digital. Grand Theft Auto VI launches Nov 19 on PS5 and Xbox Series, with a Netflix preview Aug 27.

Take-Two Interactive reported $1.39 billion in net bookings for the quarter ended June 30, 2026, the same period when Grand Theft Auto VI preorders began on June 25. The company said it has not disclosed preorder units or revenue. GAAP net revenue rose to $1.53 billion. CEO Strauss Zelnick called reception “exceptional.” Full-year net bookings guidance stayed at $8.0 to $8.2 billion.

Take-Two Interactive said strong GTA 6 pre-orders support a higher outlook for its fiscal year. It previously projected about $8B in revenue, and now expects a few hundred million more. An analyst cited roughly $300M in pre-orders to date. GTA 6 launches Nov. 17 on PS5 and Xbox Series X/S, with a PC version expected later.

Take-Two Interactive’s stock rose about 5% to $244.73 after the company reaffirmed its November release window for GTA 6, following Rockstar’s extended look on Netflix. The article says the reaffirmation reduced delay concerns. The next potential catalyst mentioned is any marketing update indicating timing changes.

Take-Two Interactive reported Q1 commentary ahead of fiscal 2027, citing NBA 2K record performance and GTA V surpassing 230M units sold. Management reiterated fiscal 2027 net bookings guidance of $8.0B to $8.2B, with OCF forecast above $1B and net cash by year-end. It also raised capex to $290M and recorded a $43M impairment. GTA VI preorders were described as unprecedented.

Take-Two CEO Strauss Zelnick said the Netflix gameplay premiere of GTA 6 on Aug. 27 is only part of the marketing push, describing pre-orders as “unprecedented and astonishing” but not disclosing volumes. He cited an $80 basic and $100 Ultimate Edition. Zelnick said guidance is unchanged and hardware price rises are not a headwind.

Take-Two Interactive CEO Strauss Zelnick said on its Q1 FY2027 earnings call that rising hardware costs are not a major headwind for demand for titles like GTA and NBA. He expects low-latency cloud gaming to enter commercial mode within three years and potentially 10x the installed base. He cited hyperscaler and edge-network advances, referencing earlier cloud efforts like Stadia.

Take-Two Interactive said, in its earnings presentation, it expects Grand Theft Auto VI to lift Fiscal 2027 net bookings to $8.0 to $8.2 billion, reiterating its outlook. CEO Strauss Zelnick cited “exceptional” and “unprecedented” pre-order demand, without sharing unit figures. He also defended GTA 6 pricing and a largely digital release approach.