Key Highlights
- Take-Two surpassed Q4 projections with a net loss of $59.5 million — better than the anticipated 57 cents per share loss
- The company’s net bookings reached $1.58 billion, exceeding Wall Street’s $1.55 billion projection
- Fiscal 2027 net bookings outlook of $8–$8.2 billion fell short of analyst projections at $9.13 billion
- Take-Two officially reaffirmed GTA VI’s November 19, 2026 launch following speculation from a leaked Best Buy email
- TTWO shares climbed 5% during Friday’s premarket session, beginning at $238.08
Take-Two Interactive (TTWO) exceeded expectations with its fourth-quarter performance, triggering a positive market response. Shares climbed 5% during Friday’s premarket hours, starting at $238.08.
Take-Two Interactive Software, Inc., TTWO
The gaming giant posted a net loss of $59.5 million, translating to 32 cents per share. This figure surpassed analyst predictions, which had anticipated a 57-cent loss. The company’s net bookings reached $1.58 billion, beating the projected $1.55 billion.
CEO Strauss Zelnick expressed enthusiasm about the results. “The quarter was outstanding. The entire fiscal year was outstanding,” he shared with Barron’s.
For fiscal 2026, revenue increased by 6% year-over-year. The publisher also provided FY2027 EPS guidance ranging from $5.75 to $6.00, surpassing analyst forecasts — a positive indicator for future profitability.
However, certain metrics fell short of expectations. The company’s FY2027 net bookings forecast of $8 billion to $8.2 billion significantly missed Wall Street’s $9.13 billion projection. Additionally, first-quarter FY2027 guidance came in below consensus estimates.
Zelnick responded to concerns about the guidance gap: “We have nothing to do with consensus. This is the first information that we’re providing to the Street.” He emphasized that the company historically exceeds its internal projections.
Grand Theft Auto VI: November 19 Launch Date Confirmed
The most anticipated announcement received official confirmation. Take-Two reaffirmed that GTA VI remains scheduled for a November 19, 2026 release — a date the company validated again during Thursday’s earnings call.
The path to this launch date has been turbulent. Initially planned for 2025, the game faced multiple postponements. Recently, confusion erupted when a Best Buy affiliate marketing email surfaced, seemingly mentioning GTA VI pre-orders scheduled between May 18 and May 21. Those pre-orders never materialized.
Zelnick stated the company had “absolutely no idea” about the origin of that email. Rockstar Games is preparing its official GTA VI promotional campaign for summer 2026.
Institutional Investors Increasing Positions
Institutional activity shows growing confidence in TTWO. Nano Cap New Millennium Growth Fund established a fresh stake during Q4, acquiring 5,000 shares worth approximately $1.28 million — representing 1.1% of its total portfolio.
Vanguard Group expanded its stake by 0.8% in Q4, now controlling more than 21.8 million shares valued at $5.6 billion. Bessemer Group demonstrated even stronger conviction, boosting its holdings by 53.1% during the same quarter.
Wall Street analysts maintain predominantly positive outlooks. Raymond James elevated TTWO to “strong buy” status with a $285 price objective. Both Wedbush and DA Davidson maintain “outperform” and “buy” ratings respectively, each setting $300 targets. The overall consensus stands at “Moderate Buy” with an average price target of $287.93.
Insider transactions have trended in the opposite direction. CEO Zelnick divested 7,946 shares in March at an average price of $214.16, generating over $1.7 million. Director Ellen Siminoff sold 413 shares in April at $207.66 per share. Combined insider sales over the previous three months totaled $13.8 million.
TTWO trades within a 52-week range of $187.63 to $264.79. The stock’s 50-day moving average stands at $211.59, while the 200-day moving average is positioned at $225.86.
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