Take-Two potvrdila datum vydání GTA VI na 19. listopadu a předobjednávky už běží. Poptávka je podle výsledků firmy silná, i když akcie TTWO po oznámení klesly až o 7 % v jedné seanci.
Grand Theft Auto VI (GTA VI) finally has a release date. Take-Two Interactive NYSE: TTWO confirmed the Nov. 19 launch, and preorders are already open. The company's Q1 earnings report for its fiscal year 2027 (FY2027) confirmed that demand isn't in question.
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Further confirmation came when Rockstar's "Extended Look" preview pulled in 31.1 million views on Netflix NASDAQ: NFLX, topping the platform's English-language film chart. That's proof of a loyal audience that's been waiting for over a decade.
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But investors still have to consider questions concerning demand and supply. On the demand side, will players actually buy new hardware for this game?
On the supply side, can Sony NYSE: SONY and Microsoft NASDAQ: MSFT even meet that demand if they do?
Neither question threatens Take-Two directly. Both threaten the console makers whose price tags keep climbing.
GTA VI Demand Is Strong Despite Rising Console PricesThe consumer hesitation story feels thin. First, it's important to separate the lock from the key. In this case, both the game and the hardware it runs on are expensive, but it's a relative term.
GTA VI will be the first game to test consumers' appetite for a download that will cost $80. (Remember, there will be no physical disk for this launch.) But when positioned beside an audience that's been starving for this update, Take-Two is likely to shatter its numbers.
That sentiment is shared by analysts who see this as being the biggest launch gaming has ever seen. Some analysts are projecting more than 45 million units sold at launch.
The console side is another question altogether, with both Sony and Microsoft raising their prices on the PlayStation 5 (PS5) and the Xbox, respectively. Nevertheless, families have bought consoles around big titles in every generation. That means a $650 PS5 or an $800 Xbox Series X is an expensive, but plausible, holiday gift. Particularly for consumers on the upper leg of the K-shaped economy.
The real constraint isn't willingness to pay. It's whether Sony and Microsoft can keep consoles in stock through the holiday rush. That's a supply chain problem, not a demand problem, but it's one where Take-Two has no exposure either way.
Take-Two Stock Fell Despite Strong GTA VI DemandSince the launch date was revealed, TTWO dropped sharply. Shares fell as much as 7% in a single session amid speculation about a delay and leaked footage, even though Rockstar reaffirmed its Nov. 19 release date. Investors read the Netflix reveal as fully priced in, then some. The stock has since traded below both its 50- and 200-day moving averages.
That's notable because TTWO's chart had been flashing a golden cross, with the 50-day simple moving average sitting above the 200-day. That's typically a bullish technical signal. The latest pullback to around $215 pushed the share price below both lines, raising the question of whether that cross was a false signal rather than the start of a real uptrend.
Technicals aside, the fundamental story hasn't changed. Rockstar executive Rob Nelson reaffirmed the development timeline in a late-August interview, and analysts at Jefferies and Bank of America both said the leaked clips had little real impact on demand. The sell-off looks more like nerves than a change in the underlying thesis.
Wall Street Still Sees Upside for TTWO StockAnalyst sentiment hasn't budged. Twenty of the 22 analysts tracked by MarketBeat rate TTWO a Buy, with an average price target near $297, implying roughly 37% upside from recent levels. Retail investors appear to be following suit, treating the pullback as an entry point rather than a warning sign.
The gap between price action and analyst conviction is the setup. Nothing about the underlying GTA VI catalyst has changed. Net bookings guidance for fiscal 2027 still calls for roughly 20% growth, driven almost entirely by the November launch. The stock is simply catching up to expectations that had run ahead of themselves after the Netflix reveal.
Sony and Microsoft Face the Real GTA VI Console RiskThis is where the console pricing story matters. Sony and Microsoft absorb the cost, and the backlash, of getting hardware into homes. Sony's repeated price hikes and its push toward a digital-only future have drawn real consumer frustration. Microsoft's $800 Xbox Series X is a tough sell on its own merits, GTA VI or not.
Take-Two doesn't carry that risk. Whether a player buys a new PS5, a new Xbox, or plays on a console they already own, Take-Two gets paid the same way. The publisher doesn't need console upgrade cycles to succeed. It just needs the installed base, current and new, to keep buying software. With more current-gen consoles in homes than GTA V had at its debut, that base is already large and growing.
Why GTA VI Makes Take-Two the Cleaner Gaming TradeThe recent drop looks like a sentiment reset, not a thesis break. Analyst price targets, none of which have moved, still imply meaningful upside from current levels. The golden cross may prove premature, but the fundamental catalyst, a record-setting launch with genuine, demonstrated demand, remains intact.
Take-Two Interactive Software, Inc. (TTWO) Price Chart for Saturday, September, 5, 2026
Investors weighing this trade should watch two dates closely: Rockstar's expected online-mode announcement around October, and the Nov. 19 launch itself. Both carry the potential to reignite the stock, provided the pullback holds above recent lows.
Bottom line: TTWO remains the cleaner way to play GTA VI's launch. Console makers face pricing backlash and holiday supply risk. Take-Two collects regardless of which box ends up under the tree.
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Cathie Wood keeps trimming Roblox while pivoting ARK's capital toward a surprising corner of the energy market, and the pressure on RBLX stock is compounding from a direction most investors are not watching.
Roblox stock is falling harder than its sector fund and its top gaming peer this Tuesday morning, on a session with no company news to explain the underperformance. The identifiable pressure comes from continued selling by Cathie Wood’s ARK Invest, without any overnight announcement from Roblox (NYSE:RBLX | RBLX Price Prediction) itself. The rotation detail is the story: ARK sold Roblox on the same day it bought a nuclear supplier.
In morning trading, Roblox stock declined 3% to $39.92, extending a punishing stretch that leaves shares down 49% year to date through Monday’s close. Take-Two Interactive (NASDAQ:TTWO) stock, by contrast, retreated 0.9% to $217.66, barely moving on the session. However, RBLX stock did recover some of Tuesday morning’s losses by 11:00 a.m. ET.
VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) declilned 0.6% to $96.80. Invesco QQQ Trust (NASDAQ:QQQ) fell 0.93% to $710.11. Roblox stock is falling several times harder than either its own sector fund or the large-cap technology benchmark, which frames the move as a name-specific unwind rather than a gaming sector event.
ARK Rotates Out of Consumer Platforms, Into Nuclear Power Reportedly, ARK Invest sold roughly $6.5 million of Roblox stock on August 20 and bought roughly $7.6 million of BWX Technologies across three of its funds on the same day. The outlet characterized the firm as continuing to divest Roblox.
BWX Technologies (NYSE:BWXT) manufactures nuclear reactors and fuel for defense applications and components for commercial nuclear plants. The company is now making microreactors that could power AI data centers, so the trade reads as capital moving out of consumer platform growth and toward AI-adjacent power (we picked five stocks positioned for the nuclear restart, utilities and fuel included, in a free report). That is the type of rotation ARK has favored during 2026.
ARK’s daily trade files have shown recurring Roblox sales through August, so today’s price action on Roblox reflects an ongoing trim rather than a single-day event. The offsetting purchase in BWX Technologies lines up with a broader pattern where ARK has redirected capital toward power and infrastructure names positioned to benefit from AI data center buildouts.
A global bond selloff that has lifted the 10-year Treasury note yield to 4.8% only compounds the pressure on unprofitable growth names like Roblox. Duration-sensitive names typically carry the most exposure to rising discount rates, and that macro backdrop helps explain why the ARK trim is landing so hard on Roblox stock today.
Growth Rate and Year-to-Date Slide Point Opposite Directions The tension for Roblox investors sits between two data points that pull in opposite directions. Roblox’s second-quarter 2026 revenue rose 43% year over year to more than second-quarter 2026 revenue rose 43% year over year to more than $1.4 billion.4 billion, and trailing twelve-month revenue reached $5.7 billion. Growth at that scale is unusual for a name trading this far off its highs.
Roblox’s operating performance has held up even as the stock has slid. Daily active users reached 123 million in Q2, up 10% year over year, and free cash flow grew 66% to $294 million. Cash generation like that is atypical for a company still posting large GAAP losses.
Yet, Roblox posted a trailing 12-month net loss of $1 billion billion. Roblox stock carries no P/E ratio because the company is unprofitable, and its price-to-sales ratio has fallen below 5. Analyst consensus price target on Roblox stock still sits at $48.32, above the current quote.
A separate SEC Form 4 filing showed Chief People and Systems Officer Sean Jack Buckley sold 4,321 shares on August 24 at a weighted average price of $38.68, worth $167,13667,136. The sale was executed under a Rule 10b5-1 trading plan adopted on November 3, 2025, and Buckley retains 87,213 shares directly. That’s a routine, pre-scheduled disposition of a small portion of his holding.
What to Watch Next Take-Two Interactive has its own catalyst wall approaching that Roblox doesn’t have this quarter. NBA 2K27 launches on September 4, and Grand Theft Auto VI is scheduled for November 19, the single largest scheduled catalyst in gaming this year. Take-Two shares had drifted 10% lower over the past month, so today’s flat move on Take-Two Interactive looks more like stabilization than a rally.
Investors could look for signs that ARK’s next daily trade file slows or continues the Roblox trim. Traders may want to keep an eye on whether the $40 level, briefly lost this morning, is reclaimed by Roblox stock into the close.
Position sizing on Roblox should reflect that the stock now trades as a duration-sensitive growth name with an active institutional seller layered on top, so keeping any add on the smaller side makes sense until the ARK flow settles. The fundamental growth story at Roblox remains intact at 43% revenue growth, and price action is likely to stay choppy while this rotation runs.
Contact [email protected] for any questions or corrections.
Rockstar Games, a unit of Take-Two Interactive Software (TTWO), whet the appetite of gamers for its highly anticipated video game "Grand Theft Auto 6" late Thursday with a 26-minute video preview. TTWO stock rose on Friday.
"GTA 6," the latest game in the gritty crime-themed franchise, goes on sale on Nov. 19 and will be playable only on the newest Microsoft (MSFT) and Sony (SONY) game consoles.
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The video presentation premiered on Netflix (NFLX) and streamed six hours later on Alphabet's (GOOGL) YouTube and the Rockstar website.
The gameplay shown in the preview "tells me this game is going to be a monster and some of these calls for like 40-45 million total units could be a wee bit light," Mizuho Securities trading-desk analyst Jordan Klein said in a client note Friday. "The bar is definitely high for 'GTA 6,' but it has been 13 full years in the making since (the) 'GTA 5' launch."
The base version of "GTA 6" costs $79.99 while a deluxe version costs $99.99. Take-Two has other opportunities to monetize the game such as through online subscriptions and in-game purchases.
On the stock market today, TTWO stock rose 1% to close at 235.39.
TTWO Stock Secures Buy Ratings
TD Cowen analyst Doug Creutz reiterated his buy rating on TTWO stock with a price target of 284 after the "Grand Theft Auto 6" preview.
"Rockstar appears to have crafted a phenomenal piece of entertainment," Creutz said in a client note. "The graphical detail and physics look best-in-class."
He added, "We think the video will serve to further heighten player anticipation for the game."
BTIG analyst Clark Lampen kept his buy rating on TTWO stock with a price target of 313.
"We were satisfied with the initial preview, and more importantly, public response via social media appears positive, as traffic was strong enough that a surge of simultaneous viewers temporarily crashed Netflix," Lampen said in a report Friday.
Jefferies analyst James Heaney maintained his buy rating on Take-Two shares with a price target of 300.
"The 'GTA 6' Netflix extended look met lofty player expectations with graphics and breadth of gameplay both impressing," Heaney said in a client note.
Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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Take-Two ponechal výhled tržeb z rezervací pro fiskální rok 2027 na 8 až 8,2 miliardy USD před listopadovým startem GTA VI. Zároveň uvedl, že předobjednávky jsou bezprecedentní, ale nepromítl je do vyšších odhadů.
Key Takeaways Take-Two kept FY27 Net Bookings at $8B-$8.2B, about 20% growth at the midpoint.GTA VI preorders are unprecedented, but Take-Two declined unit forecasts and held guidance.NBA 2K26 sold over 12M units as recurrent spending rose 7% and daily active users climbed 15%. Take-Two Interactive Software, Inc. (TTWO - Free Report) entered fiscal 2027 with first-quarter Net Bookings slightly above guidance, while management kept its full-year outlook unchanged ahead of the Nov. 19 launch of Grand Theft Auto VI.
Chief executive officer Strauss Zelnick framed the year as an inflection point, but the call also showed restraint around translating record GTA VI preorders into higher guidance before launch.
Goldstein reiterated fiscal 2027 Net Bookings guidance of $8 billion to $8.2 billion, representing about 20% growth at the midpoint. The company still expects recurrent consumer spending to be in line with fiscal 2026 and accounts for 64% of Net Bookings.
Take-Two reported fiscal first-quarter earnings of 36 cents per share, which beat the Zacks Consensus Estimate of 31 cents. Revenues of $1.39 billion beat the estimate of $1.35 billion.
Take-Two Keeps GTA VI Launch at CenterCEO Strauss Zelnick said confidence in the Nov. 19 release of Grand Theft Auto VI remains high, supported by what management described as an exceptional start to preorders.
Zelnick said the preorder level is unprecedented for Take-Two and the industry, but he declined to translate that demand into unit expectations. He stressed that preorders can be canceled and that no units have yet been sold.
President Karl Slatoff also pointed to continued GTA Online engagement, saying recent content has reactivated players while the company maintains a stable update cadence and significant support for the service.
TTWO Leans on NBA 2K and Recurrent SpendingCEO Strauss Zelnick said NBA 2K26 sold more than 12 million units, up 9% from NBA 2K25. Recurrent consumer spending for the franchise grew 7%, while average daily active users increased 15%.
CFO Lainie Goldstein said companywide recurrent consumer spending declined 1%, better than guidance for a 3% decline, and represented 84% of first-quarter Net Bookings.
For the fiscal second quarter, Goldstein guided Net Bookings to $1.62 billion to $1.67 billion and expects recurrent consumer spending to decline about 5%, with mobile down and NBA 2K and Grand Theft Auto growing.
Take-Two Addresses Mobile and PricingA TD Cowen analyst asked about signs of weaker mobile demand. CEO Strauss Zelnick said Take-Two is not seeing consumer pullback, though user acquisition costs face some pressure and Color Block Jam has a tougher year-over-year comparison.
A BMO Capital Markets analyst questioned the decision to price GTA VI at $80 while keeping NBA 2K27 at $70. Zelnick said the company’s objective is to deliver more consumer value rather than maximize price.
Zelnick also said direct-to-consumer distribution remains a growth area in mobile and has had a material positive effect on margins.
TTWO Q&A Tempers Preorder ExpectationsA Wells Fargo analyst asked whether strong GTA VI preorders could pull demand forward. CEO Strauss Zelnick acknowledged that outcome while reiterating that management is not raising guidance before the title launches.
A Citi analyst also pressed for a framework linking preorders to eventual sales. Zelnick again declined to provide unit expectations, emphasizing that the unprecedented preorder levels make historical comparisons less useful.
The repeated caution contrasted with management’s strong confidence in the title and reinforced the decision to keep the fiscal 2027 Net Bookings range unchanged.
Take-Two Focuses on Sustaining New ScaleCEO Strauss Zelnick said major releases have historically influenced Take-Two beyond a single quarter, while the company’s pipeline, live services and catalog provide additional growth avenues.
Management also highlighted international expansion, selective accretive M&A and live-service enhancements as priorities for sustaining a higher scale after fiscal 2027.
TTWO Zacks Signals Favorable Rank, Mixed StylesTTWO carries a Zacks Rank #2 (Buy). Its Value Score is F, while Growth and Momentum Scores are C and the VGM Score is D. Under the Zacks framework, the #2 rank is favorable, while A and B are the stronger Style Score grades. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The combination therefore provides a positive earnings-estimate-revision signal but weaker support from the Style Scores. The Zacks Rank can change as analysts revise estimates following the just-reported results.
Take-Two Interactive oznámila za 1. čtvrtletí vyšší zisk na akcii na 35 centů i tržby na 1,53 miliardy USD, ale čisté rezervace meziročně klesly o 3 % na 1,39 miliardy USD a zaostaly za odhady 1,41 miliardy USD. Firma zároveň potvrdila celoroční výhled.
Take-Two Interactive Software Inc. (NASDAQ:TTWO) on Friday posted better-than-expected earnings for the first quarter and affirmed its full-year outlook.
Take-Two reported GAAP net revenue of $1.53 billion for the fiscal first quarter ended June 30, 2026, up from $1.50 billion a year earlier. Net bookings fell 3% year over year to $1.39 billion from $1.42 billion, missing analyst estimates of $1.41 billion.
Adjusted earnings were 35 cents per share, topping the analyst consensus estimate of 33 cents.
Take-Two affirmed fiscal 2027 GAAP revenue guidance of $7.90 billion to $8.10 billion and net bookings guidance of $8.00 billion to $8.20 billion, below the analyst consensus estimate of $8.51 billion. The company also reiterated adjusted earnings guidance of $5.75 to $6.00 per share, compared with the analyst consensus estimate of $6.80.
For the fiscal second quarter, Take-Two expects GAAP revenue of $1.42 billion to $1.47 billion and net bookings of $1.62 billion to $1.67 billion, below the analyst consensus estimate of $1.72 billion. It forecast adjusted earnings of 90 cents to $1.00 per share, compared with the consensus estimate of 90 cents.
Take-Two Interactive shares rose 0.5% to $247.67 in pre-market trading.
These analysts made changes to their price targets on Take-Two Interactive following earnings announcement.
BTIG analyst Clark Lampen maintained the stock with a Buy and raised the price target from $293 to $313. Baird analyst Colin Sebastian maintained the stock with an Outperform rating and raised the price target from $265 to $270. Considering buying TTWO stock? Here’s what analysts think:
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Take-Two Interactive zveřejnila výsledky za 1. čtvrtletí fiskálního roku 2027, které skončilo 30. června 2026. Na konferenčním hovoru je představilo vedení společnosti.
Take-Two Interactive Software, Inc. (TTWO) Q1 2027 Earnings Call August 7, 2026 8:00 AM EDT
Company Participants
Nicole Shevins - Senior Vice President of Investor Relations & Corporate Communications
Strauss Zelnick - Executive Chairman & CEO
Karl Slatoff - President
Lainie Goldstein - Chief Financial Officer
Conference Call Participants
Douglas Creutz - TD Cowen, Research Division
Andrew Marok - Raymond James & Associates, Inc., Research Division
Brian Pitz - BMO Capital Markets Equity Research
Eric Handler - ROTH Capital Partners, LLC, Research Division
Colin Sebastian - Robert W. Baird & Co. Incorporated, Research Division
Christopher Schoell - UBS Investment Bank, Research Division
Michael Hickey - The Benchmark Company, LLC, Research Division
Alec Brondolo - Wells Fargo Securities, LLC, Research Division
Matthew Cost - Morgan Stanley, Research Division
Jason Bazinet - Citigroup Inc., Research Division
Eric Sheridan - Goldman Sachs Group, Inc., Research Division
Taebin Song - Wolfe Research, LLC
Martin Yang - Oppenheimer & Co. Inc., Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to the Take-Two Interactive Software First Quarter Fiscal Year 2027 Results Conference Call. [Operator Instructions]
I will now hand the conference over to Nicole Shevins, SVP, Investor Relations and Corporate Communications. Nicole, please go ahead.
Nicole Shevins
Senior Vice President of Investor Relations & Corporate Communications
Good morning. Thank you for joining our conference call to discuss our results for the first quarter of fiscal year 2027 ended June 30, 2026. Today's call will be led by Strauss Zelnick, Take-Two's Chairman and Chief Executive Officer; Karl Slatoff, our President; and Lainie Goldstein, our Chief Financial Officer. We will be available to answer your questions during the Q&A session following our prepared remarks.
Before we begin, I'd like to remind everyone that statements made during this call that are not historical facts are considered forward-looking statements under federal securities laws. These forward-looking statements are based on the
Take-Two Interactive (TTWO - Free Report) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +16.13%. A quarter ago, it was expected that this publisher of "Grand Theft Auto" and other video games would post earnings of $0.56 per share when it actually produced earnings of $0.8, delivering a surprise of +42.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Take-Two, which belongs to the Zacks Gaming industry, posted revenues of $1.39 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.30%. This compares to year-ago revenues of $1.42 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Take-Two shares have lost about 9.2% since the beginning of the year versus the S&P 500's gain of 12.6%.
What's Next for Take-Two?While Take-Two has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Take-Two was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.90 on $1.81 billion in revenues for the coming quarter and $6.86 on $8.56 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Gaming is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Bally's (BALY - Free Report) , has yet to report results for the quarter ended June 2026.
This casino operator is expected to post quarterly loss of $2.10 per share in its upcoming report, which represents a year-over-year change of +44.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Bally's' revenues are expected to be $778.5 million, up 18.4% from the year-ago quarter.
For the quarter ended June 2026, Take-Two Interactive (TTWO - Free Report) reported revenue of $1.39 billion, down 2.6% over the same period last year. EPS came in at $0.36, compared to $0.61 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.35 billion, representing a surprise of +2.3%. The company delivered an EPS surprise of +16.13%, with the consensus EPS estimate being $0.31.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Take-Two performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total net bookings: $1.39 billion versus the 16-analyst average estimate of $1.36 billion.Net bookings by platform - Mobile: $739.5 million versus the 14-analyst average estimate of $761.78 million.Net bookings by distribution channel - Physical retail and other: $17.3 million versus the nine-analyst average estimate of $41.01 million.Net bookings by distribution channel - Digital online: $1.37 billion versus the nine-analyst average estimate of $1.31 billion.Net bookings by platform - PC and other: $121.2 million versus $108.1 million estimated by four analysts on average.Net bookings by platform - Console: $525.2 million compared to the $485.2 million average estimate based on four analysts.Net bookings by geographic region - United States: $805.4 million versus the two-analyst average estimate of $798.83 million.Net Revenue- Advertising: $111.1 million compared to the $102.6 million average estimate based on four analysts. The reported number represents a change of -8.4% year over year.Net Revenue- Game: $1.42 billion versus the three-analyst average estimate of $1.37 billion. The reported number represents a year-over-year change of +2.9%.Net Revenueby platform- PC and other: $131.1 million compared to the $106.17 million average estimate based on two analysts. The reported number represents a change of -13.5% year over year.Net Revenueby platform- Console: $640.5 million compared to the $574.85 million average estimate based on two analysts. The reported number represents a change of +16.3% year over year.Net Revenue by platform- Mobile: $762.3 million versus the two-analyst average estimate of $794.94 million. The reported number represents a year-over-year change of -4.9%.View all Key Company Metrics for Take-Two here>>>
Shares of Take-Two have returned -5.5% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Grand Theft Auto The Trilogy by Take-Two Interactive Software Inc is seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights, opens new tab
Aug 7 (Reuters) - Take-Two Interactive (TTWO.O), opens new tab maintained its annual bookings forecast on Friday, but reiterated the November 19 launch date for its highly anticipated title "Grand Theft Auto VI", bringing the blockbuster release one step closer to fans.
Shares of the company were up marginally in volatile premarket trading. Take-Two projected current-quarter bookings below Wall Street estimates, signaling continued weakness from the lack of strong new titles ahead of the "GTA VI" release.
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The videogame publisher began taking pre-orders for "GTA VI" on June 25, but did not provide any material detail on demand trends. Take-Two CEO Strauss Zelnick only said that pre-orders have had an "exceptional start" in the post-earnings call.
The game is expected to be a gold mine for the company this year, raking in billions of dollars within days of its launch, thanks to the franchise's popularity. "GTA V", the predecessor, is one of the best-selling games ever, and has sold nearly 230 million units since its 2013 launch.
Investors have been closely watching for any announcement around an online multiplayer mode for "GTA VI", hoping that Take-Two would replicate the success of "GTA V Online", which has been a consistent source of revenue for the company.
The online version helped the company keep players engaged long after the release of "GTA V". The live-service components of a title typically allow companies to generate more income through players' purchases of in-game currency.
"Some of the weakness (in shares) may be the lack of incremental detail about 'GTA VI'," said MoffettNathanson analyst Clay Griffin.
"What's really important for Take-Two is some notion of the plan for how 'GTA Online' will evolve. It's pretty well understood that 'GTA VI' will do just fine, if not better than expectations. But it's more about the longevity of opportunity."
'GTA VI' pre-order, pricing announcements bring blockbuster release one step closerTake-Two said it expects fiscal 2027 bookings of $8 billion to $8.20 billion. Analysts on average were expecting a 31.9% jump to $8.86 billion, according to data compiled by LSEG.
The company forecast second-quarter bookings between $1.62 billion and $1.67 billion, below analysts' average estimate of $1.85 billion.
For the first fiscal quarter ended June 30, net bookings stood at $1.39 billion, a touch above market estimates of $1.38 billion.
Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli
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Take-Two vyhlíží výsledky za první fiskální čtvrtletí a před startem GTA VI 19. listopadu spustila marketingovou kampaň. Firma zároveň vyhlíží celoroční čisté rezervace 8,0 až 8,2 miliardy USD.
Key Takeaways Take-Two is set to report Q1 FY27 results with GTA VI marketing ahead of its Nov. 19 launch.TTWO expects FY27 net bookings of $8.0-$8.2 billion and more than $1 billion in operating cash flow.TTWO's mobile portfolio and DTC platform supported resilient bookings and high-margin recurring revenue. Take-Two Interactive Software (TTWO - Free Report) is scheduled to report its first-quarter fiscal 2027 results on Aug. 7, 2026.
For the first quarter of fiscal 2027, Take-Two expects GAAP net revenues between $1.45 billion and $1.50 billion. The company projects a loss per share of 23 cents to 15 cents.
The Zacks Consensus Estimate for TTWO’s fiscal first-quarter revenues is pegged at $1.35 billion, indicating a 4.81% year-over-year decline.
The consensus mark for earnings is pegged at 31 cents per share, unchanged over the past 30- and 60-day periods. The estimate indicates a 49.18% year-over-year decline.
However, TTWO beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, with an average surprise of 69.36%.
Let us see how things have shaped up for the upcoming announcement.
Key Factors Expected to Shape TTWO's Q1 ResultsTake-Two is expected to have benefited in the first quarter of fiscal 2027 from Rockstar Games beginning the marketing campaign for Grand Theft Auto VI ahead of its Nov. 19 launch. Early promotional activity likely increased consumer awareness, strengthened pre-order momentum, enhanced franchise engagement and reinforced investor confidence during the quarter under review. The company also introduced record fiscal 2027 Net Bookings guidance of $8.0-$8.2 billion, reflecting confidence that GTA VI and the broader portfolio would drive a new phase of growth and long-term cash generation.
Following a record fiscal 2026, Take-Two entered the first quarter of fiscal 2027 with strong operational momentum. The company generated record net bookings, delivered operating cash flow above forecast and expects to produce more than $1 billion in operating cash flow during fiscal 2027. Management also highlighted a pipeline of multiple upcoming releases alongside continued content updates across existing franchises. This combination of financial strength, a diversified release schedule and recurring live-service engagement is expected to have supported execution during the quarter under review.
Take-Two's diversified mobile portfolio remained an important contributor to growth, supported by strong performances from Toon Blast, Match Factory!, Color Block Jam, Empires & Puzzles and Top Eleven. At the same time, the company's direct-to-consumer platform continued expanding through additional mobile integrations, lower payment friction and an improved user experience, resulting in higher conversion rates, stronger customer loyalty and better margins. Management also expressed greater confidence in the platform's long-term growth prospects. These factors are expected to have supported resilient first-quarter fiscal 2027 bookings and high-margin recurring revenues.
Against the momentum, TTWO expects recurrent consumer spending (RCS) to remain flat year over year for fiscal 2027 despite the anticipated launch of Grand Theft Auto VI later in the year. Since RCS represents a significant portion of Take-Two's net bookings, the lack of expected growth suggests that ongoing monetization from live services may not provide the same level of incremental support seen in fiscal 2026. This dynamic is likely to have constrained first-quarter fiscal 2027 bookings and limited near-term revenue momentum before the company's major release schedule accelerates.
What Our Model Says About TTWO StockOur proven model does not conclusively predict an earnings beat for Take-Two this time around. According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here, as you can see below.
TTWO has an Earnings ESP of 0.00% and a Zacks Rank #1 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to ConsiderHere are some stocks worth considering, as our model shows that these have the right combination of elements to beat earnings this season.
Six Flags Entertainment Corporation (FUN - Free Report) currently has an Earnings ESP of +6.90% and sports a Zacks Rank #1. FUN shares have returned 4.7% in the past six months. FUN is set to report its second-quarter 2026 results on Aug. 6. You can see the complete list of today’s Zacks #1 Rank stocks here.
Corsair Gaming (CRSR - Free Report) currently has an Earnings ESP of +9.09% and a Zacks Rank #2. CRSR shares have surged 135.4% in the past six months. CRSR is slated to report second-quarter 2026 results on Aug. 6.
Marriott Vacations (VAC - Free Report) has an Earnings ESP of +5.26% and a Zacks Rank #2 at present. VAC shares have jumped 80% in the past six months. VAC is set to report its second-quarter 2026 results on Aug. 6.
In the latest close session, Take-Two Interactive (TTWO - Free Report) was up +1.5% at $247.62. The stock's change was more than the S&P 500's daily gain of 0.21%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq depreciated by 0.22%.
The publisher of "Grand Theft Auto" and other video games's shares have seen a decrease of 1.29% over the last month, not keeping up with the Consumer Discretionary sector's loss of 0.15% and the S&P 500's gain of 1.7%.
Investors will be eagerly watching for the performance of Take-Two Interactive in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 7, 2026. The company is expected to report EPS of $0.31, down 49.18% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $1.35 billion, indicating a 4.81% decrease compared to the same quarter of the previous year.
TTWO's full-year Zacks Consensus Estimates are calling for earnings of $6.77 per share and revenue of $8.56 billion. These results would represent year-over-year changes of +65.12% and +27.31%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Take-Two Interactive. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 2.08% higher within the past month. Take-Two Interactive is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Take-Two Interactive is holding a Forward P/E ratio of 36.03. For comparison, its industry has an average Forward P/E of 18.7, which means Take-Two Interactive is trading at a premium to the group.
We can additionally observe that TTWO currently boasts a PEG ratio of 3.6. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Gaming industry held an average PEG ratio of 1.25.
The Gaming industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 183, placing it within the bottom 26% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Take-Two Interactive má za 1. fiskální čtvrtletí vykázat výsledky zhruba v souladu s odhady, ale investoři sledují hlavně komentáře ke GTA VI. Jefferies čeká pokles rezervací asi o 4 % meziročně kvůli slabšímu mobilnímu byznysu.
Take-Two Interactive Software Inc (NASDAQ:TTWO) is expected to deliver a largely in-line fiscal first quarter performance, with investor attention likely to remain focused on management commentary around the highly anticipated release of Grand Theft Auto VI, according to Jefferies analysts.
Jefferies wrote that Wall Street expectations for the quarter remain muted, with bookings forecast to decline about 4% year over year, largely reflecting weakness in the company’s mobile business as several key titles slow. The analysts noted that the stock’s reaction is likely to depend more on updates around GTA VI than on the quarter itself, with potential discussion points including pre-orders and the timing of GTA VI Online.
The analysts expect limited new information on GTA VI during the earnings call, writing that disclosure of pre-order figures is unlikely and that Take-Two is unlikely to adjust its fiscal 2027 outlook.
The analysts highlighted that mobile trends weakened during the quarter, based on Sensor Tower in-app purchase data, including softness across the company’s three largest mobile titles. Jefferies wrote that the company’s first-quarter mobile revenue guidance already reflects much of this pressure, with Street expectations calling for a mid-single-digit percentage decline year over year.
The analysts added that mobile advertising trends and shifts toward web-based payments are unlikely to provide a meaningful offset, and said they would look for commentary on whether the slowdown reflects reduced marketing investment or broader demand issues.
Take-Two’s NBA 2K franchise is expected to perform in line with expectations despite a challenging comparison period, Jefferies wrote. The analysts noted that the company’s guidance for high-single-digit revenue growth in the segment is supported by early engagement trends, including Steam concurrent users during the NBA playoffs that were significantly higher than at the game’s launch last year.
Meanwhile, Jefferies expects Grand Theft Auto Online revenue to face pressure in the first quarter due to timing differences around major content updates. The analysts wrote that the large summer GTA Online update arrived in July this year compared with June last year, creating a difficult year-over-year comparison, though engagement trends remain stable heading into GTA VI.
“Overall trends appear stable into GTA VI,” Jefferies wrote, noting that Steam concurrent users for GTA Online increased significantly following the latest update, while anticipation around the next installment continues to build.
The analysts maintained that expectations remain for GTA VI to generate a strong initial launch, with more than 40 million units forecast for fiscal 2027. Jefferies identified the timing and scope of GTA VI Online as the biggest outstanding question, noting that a delay into calendar 2027 could weigh on long-term player retention.
Jefferies also pointed to broader industry shifts as supportive of Take-Two’s strategy, highlighting changes across gaming platforms toward fewer, larger content releases. The analysts wrote that PlayStation’s move away from physical discs and Xbox’s shift away from subscription-focused models toward a “fewer, bigger, better” content approach align with Take-Two’s long-term strategy.
The analysts maintained their ‘Buy’ rating and $300 price target, above current levels of about $238, noting that they expect the stock to continue trading higher into the game’s release.
Take-Two otevře 25. června předobjednávky GTA VI; Jefferies to vidí jako klíčový katalyzátor pro akcie před listopadovým vydáním. Akcie po zprávě vyskočily o více než 5 %.
Take-Two Interactive Software Inc (NASDAQ:TTWO) is set to open pre-orders for Grand Theft Auto VI on June 25, and Jefferies says the event is shaping up to be a meaningful catalyst for the stock ahead of the game's November 19 release.
The bank expects a new trailer to drop alongside the pre-order launch, but the bigger focus for investors will be pricing. Jefferies sees the base edition landing at either $70 or $80, with $100 considered unlikely.
The firm's base case is $80, given the pull of the GTA franchise, though it notes a $70 price would make premium edition upsells an easier sell.
Those premium editions may be the most telling part of the announcement. Their contents should give the first real clue about how Take-Two plans to monetize GTA VI Online, whether that means bundled subscription months, premium currency, a season pass, or some combination. Jefferies views this as arguably more important than the price tags themselves.
What investors probably won't get on June 25 is a launch date for GTA Online. The bank's base case has the online mode arriving in December, roughly a month after the main game, giving players time with the story before the online ecosystem opens up. Full details on in-game purchases are also expected to come later, closer to release.
PC players will need to be patient too. The November launch is console-only, with Jefferies penciling in April 2027 at the earliest for a PC release.
On the stock, Jefferies pointed to the Red Dead Redemption 2 launch cycle as a potential parallel, when Take-Two shares climbed around 20% from pre-orders to their peak before pulling back into launch. The firm sees the upcoming pre-order window and summer marketing push as the next major catalyst to watch.
Investors cheered the update, sending Take-Two’s shares over 5% higher on Thursday afternoon.
Bank of America zvýšila cílovou cenu Take-Two na 368 USD a čeká silnější monetizaci nové verze GTA Online. Pro fiskální rok 2028 zvedla odhad bookings na 2,2 miliardy USD.
Take-Two Interactive Software Inc (NASDAQ:TTWO) shares could see a stronger long-term monetization profile from the next iteration of Grand Theft Auto Online (GTAO), according to Bank of America, which raised its price objective on the stock and upgraded its forward bookings assumptions for the franchise.
Bank of America reiterated its 'Buy' rating on Take-Two and raised its price objective to $368, based on a 26x multiple applied to its FY28 earnings estimate. The firm characterized this as a peak valuation scenario, with potential for further upward revisions if GTAO monetization exceeds expectations.
The firm increased its financial year 2028 GTAO bookings forecast by roughly $900 million to $2.2 billion, lifting its assumed annual revenue per monthly active user (MAU) to $60 from $35 previously.
The revision reflects expectations that the next version of GTAO could monetize at nearly twice the rate of its predecessor, narrowing the gap with leading live-service titles such as Fortnite.
The analysts argued that GTAO currently under-monetizes relative to comparable franchises, and expect the next installment to close that disparity as its “pay-to-progress” structure encourages higher average player spending than Fortnite’s cosmetics-driven model. Bank of America also noted that Grand Theft Auto VI’s player base is likely to carry higher lifetime value than the broader free-to-play audience seen in other major live-service ecosystems.
At the high end of the estimate range, the firm pointed to monetization levels above $100 per MAU in heavily “pay-to-win” sports titles, suggesting additional upside if engagement trends skew more aggressively toward in-game spending.
Bank of America left its financial year 2027 estimates unchanged, citing a likely late-year ramp for GTAO’s contribution. It now forecasts financial year 2028 net bookings of $10.7 billion and earnings per share of $14.23.
Beyond revenue assumptions, the report highlighted structural improvements at Rockstar that could support stronger monetization. These include a more robust content pipeline, enhanced anti-cheat systems, and a substantially larger live-service team, expanded to more than 100 staff compared with roughly 10 at GTAO’s 2013 launch. The analysts believes that these changes address early limitations that previously constrained long-term engagement and spending.
The bank’s analysts also suggested that GTAO’s current iteration, which generates an estimated $400 million in annual bookings versus a peak of around $700 million in 2021, underscores the room for growth in a more modernized live-service framework.
Bank of America estimates that the next GTAO could support more than 40 million sustainable MAUs, potentially placing it among the largest live-service franchises globally, behind only Fortnite.
Take-Two shares traded up 2% at $244 on Tuesday afternoon.
Take-Two stanovila cenu „Grand Theft Auto VI“ na 79,99 USD a potvrdila vydání na 19. listopadu. Základní verze tak překoná dosavadní strop 69,99 USD u velkých her.
Grand Theft Auto The Trilogy by Take-Two Interactive Software Inc is seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights, opens new tab
June 24 (Reuters) - Take-Two Interactive Software (TTWO.O), opens new tab on Wednesday priced "Grand Theft Auto VI" at $79.99 and stuck to its previously announced November 19 release date, bringing the industry's most anticipated title closer to launch after multiple delays.
The price makes "GTA VI" one of the most expensive base versions of a top-tier game, pushing it above the $69.99 ceiling that blockbusters such as Sony's "Ghost of Yōtei" and Nintendo's "Legend of Zelda: Tears of the Kingdom" have held for years.
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The "Ultimate Edition" of the game will cost $99.99 and add exclusive vehicles, weapons and apparel woven into the story of Jason and Lucia, the protagonists of the game.
Shares of Take-Two rose nearly 3% in premarket trading.
Joost van Dreunen, games professor at NYU's Stern School of Business, said the pricing was unlikely to dent sales, calling "$80 a rounding error against the anticipation."
He said the price could set a new benchmark for blockbuster titles with few substitutes but was unlikely to apply to mid-tier publishers. "GTA VI doesn't lift all prices but widens the gap between the haves and the have-nots," he added.
Fans have been waiting for "GTA VI" for over a decade, and analysts expect it to be an instant hit with billions of dollars in sales within days due to the franchise's popularity and the strong track record of its creator, Rockstar Games.
The previous entry in the series, "Grand Theft Auto V", was released in 2013 and has sold around 230 million copies, making it one of the best-selling video games ever.
That makes "GTA VI" crucial not just for Take-Two but for the wider video-game market, as the franchise typically drives console sales and PC upgrades.
Take-Two said earlier this month "GTA VI" pre-orders will start on June 25. All pre-orders before November 20 include the Vintage Vice City Pack of retro in-game items, with digital buyers also getting a free month of GTA+, a membership that unlocks in-game perks and access to "GTA V" and other titles.
First unveiled in late 2023 with a trailer that now has nearly 300 million views on YouTube, the game features a "Bonnie and Clyde"-like duo blitzing their way through a fictional version of Miami, Florida, called "Vice City".
Reporting by Aditya Soni in Bengaluru; Editing by Leroy Leo and Maju Samuel
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