Take-Two Stock Rises as GTA VI Launch Nears Despite Bookings Drop
Take-Two's Q2 net bookings fell 18% to $1.60 billion, but it kept its $8.0–$8.2 billion full-year target ahead of GTA VI's Nov. 19 launch. Shares rose.
Take-Two Interactive shares rose on Tuesday, November 10, 2026, after the video game publisher kept its full-year sales target and said Grand Theft Auto VI is on track to launch on November 19. The stock was up 6.31% at 10:39 a.m. ET, according to TheStreet, even as the broader market fell after a hot inflation report.
The company reported results for its fiscal second quarter, which ended September 30, on Monday, November 9, and held its earnings call that afternoon. Net bookings, the company's main sales measure, fell 18% to $1.60 billion from $1.96 billion a year earlier.
The numbers
Measure | Q2 fiscal 2027 | Q2 fiscal 2026 |
|---|---|---|
Net bookings | $1.60 billion | $1.96 billion |
GAAP net revenue | $1.497 billion | $1.774 billion |
GAAP net loss | $54.0 million | $133.9 million |
GAAP loss per share | $0.29 | $0.73 |
Source: Take-Two earnings release filed with the SEC.
Recurrent consumer spending, which includes in-game purchases and add-on content, fell 9% and made up 81% of net bookings. Inven Global noted that a year earlier Take-Two had new releases Mafia: The Old Country and Borderlands 4, which made the comparison harder.
Why investors focused on GTA VI
The quarter mattered less than what comes next. Take-Two said Grand Theft Auto VI will launch on November 19, 2026, for PlayStation 5 and Xbox Series X|S. Chairman and CEO Strauss Zelnick said in the release that pre-orders are "continuing to reach unprecedented levels," but the company did not give pre-order numbers.
The outlook shows how much rides on the game:
Outlook | Range |
|---|---|
Q3 net bookings (Oct.–Dec. 2026) | $3.35 billion to $3.50 billion |
Q3 GAAP earnings per share | $1.30 to $1.44 |
Fiscal 2027 net bookings (to March 2027) | $8.0 billion to $8.2 billion |
Fiscal 2027 GAAP net revenue | $7.98 billion to $8.18 billion |
Source: Take-Two earnings release.
Not every number pleased Wall Street. The third-quarter bookings forecast was below the analyst average of $3.51 billion, and the full-year revenue range was under expectations of $8.51 billion, according to Investing.com. The shares still rose about 3% in after-hours trading Monday, the outlet reported.
What it means for investors
A single blockbuster can swing a game maker's results for years, which also makes the stock sensitive to launch-week news and reviews. To see how bookings differ from revenue and why companies report both, read our guide on how to read an earnings report. For context on today's broader selloff, see our October CPI story.
This article is for information only and is not investment advice.
Sources
- Take-Two Interactive: Second quarter fiscal year 2027 results, Exhibit 99.1 to Form 8-K (SEC, November 9, 2026)
- Investing.com via Yahoo Finance: Take-Two shares gain on results, guidance (November 9, 2026)
- Inven Global: Take-Two Q2 net bookings drop 18%, projected to double next quarter (November 9, 2026)
- TheStreet: Stock Market Today, Nov. 10, 2026 (November 10, 2026)
This article is for information only and is not investment advice. Do your own research before buying or selling any asset.