Take-Two's first quarter 2027 Net Bookings of $1.39B beat estimates as GTA VI launch finalized

Take-Two Interactive Software reported fiscal first quarter 2027 Net Bookings of $1.39 billion, exceeding its guidance range and analyst expectations of $1.36 billion. The company solidified its near-term growth trajectory by setting a firm release date for its most significant pipeline title while maintaining its ambitious full-year financial targets.

Key Highlights

• Net Bookings reached $1.39 billion, beating the $1.36 billion estimate despite a 3% year-over-year decline.
• Management confirmed the launch of Grand Theft Auto VI for November 19, 2026, on PlayStation 5 and Xbox Series X|S.
• The company reiterated its fiscal year 2027 Net Bookings guidance of $8.0 billion to $8.2 billion, anticipating a record-breaking second half of the year.
• Recurrent consumer spending remained a core performance driver, accounting for 84% of total Net Bookings, led by NBA 2K and GTA Online.
• GAAP results included a $43.4 million impairment charge related to the cancellation of an unannounced title from a third-party developer.