May 21 - Take-Two Interactive issued a fiscal 2027 bookings forecast that falls short of Wall Street's consensus, while reaffirming the launch timetable for its most anticipated title, Grand Theft Auto VI.
The company set its bookings guidance at $8.0 billion to $8.2 billion for fiscal 2027, compared with an analysts' average projection of $9.10 billion, according to data compiled by LSEG. Despite the lower-than-expected outlook, Take-Two reiterated that Grand Theft Auto VI is scheduled for release on November 19. The combination of the updated guidance and the launch confirmation coincided with an approximate 6% rise in the stock during extended trading.
Market attention is firmly fixed on the upcoming title. Investors and analysts are watching closely because Grand Theft Auto VI is widely expected to drive substantial sales volume and significant revenue in the immediate period following launch. The company and market participants anticipate that the title could sell millions of copies and generate billions in revenue within days of being released.
Take-Two is positioning Grand Theft Auto VI to build on the commercial model of its predecessor, Grand Theft Auto V. In particular, the publisher expects to extend and expand the success of the multiplayer component, which has been a steady revenue contributor through player purchases of in-game currency. That recurring-income element has been central to the prior title's long-term monetization strategy.
On a quarterly basis, Take-Two reported bookings of $1.58 billion for the fourth quarter, narrowly surpassing consensus estimates of $1.57 billion. The quarterly result provides a recent data point showing the company's current revenue run rate ahead of the new fiscal guidance.
While the bookings forecast sits below the street average, the company's confirmation of the November 19 launch keeps attention on the upcoming product cycle and its potential to materially affect Take-Two's near-term revenue profile and investor expectations.