TL;DR: Take-Two Interactive reported $1.60 billion in net bookings for its fiscal second quarter (July to September 2026), down 18% from $1.96 billion a year earlier and slightly below its own $1.62-$1.67 billion guidance, mainly because NBA 2K27 sold below forecast. But the company says GTA 6 pre-orders are “tracking far in excess of our initial expectations” ahead of the game’s November 19, 2026 launch on PS5 and Xbox Series X|S, and it kept its full-year outlook of $8.0-$8.2 billion in net bookings. GamesBeat reported the stock rose about 5% after hours.
The GTA 6 pre-orders headline was the part of Take-Two’s November 9 earnings report that everyone was waiting for, and it was the most upbeat part. The quarter itself was soft. What follows is what the company actually reported, what it claims about Grand Theft Auto VI, and what the numbers mean in the last stretch before launch.
Take-Two’s fiscal Q2 2027 results at a glance
All figures below come from Take-Two’s official results press release for the quarter ended September 30, 2026.
| Metric | Q2 FY2027 | Q2 FY2026 | Change |
|---|---|---|---|
| Net bookings | $1.60 billion | $1.96 billion | Down 18% |
| GAAP net revenue | $1.50 billion | $1.77 billion | Down about 16% |
| GAAP net loss | $54.0 million ($0.29/share) | $133.9 million ($0.73/share) | Smaller loss |
| Recurrent consumer spending (bookings) | 81% of net bookings | 73% of net bookings | Down 9% in dollars |
| Digital share of net bookings | 98% | 95% | Up |
Recurrent consumer spending is Take-Two’s term for money from ongoing play: virtual currency, add-on content, in-game purchases and in-game ads. It fell 9%, worse than the 5% decline the company had guided to, which it blamed on lower NBA 2K and mobile spending. The Grand Theft Auto series was the bright spot, with the company saying it was up year over year and ahead of forecast.
Why the quarter missed: NBA 2K27
According to Take-Two’s earnings materials, NBA 2K27 (released September 4, 2026) had “the 2nd highest Net Bookings performance in the history of the series,” but still came in below the company’s forecast for the period. Mobile, through the Zynga portfolio of games like Toon Blast, Match Factory! and Empires & Puzzles, performed “in line with our plans,” the company said.
The miss was small. Net bookings of $1.60 billion were roughly $20 million under the bottom of the $1.62-$1.67 billion guidance range. Even so, GamesBeat described the result as below analyst expectations, while noting that investors seemed far more focused on what happens on November 19.
What Take-Two says about GTA 6 pre-orders
Take-Two did not publish a pre-order number. Everything it said on the subject is the company’s own characterization:
- CEO Strauss Zelnick, in the press release: “The launch of Grand Theft Auto VI is ten days away and, with pre-orders continuing to reach unprecedented levels, we expect to deliver an historic year for our company.”
- In its results materials, the company said pre-orders “are tracking far above our initial expectations, and we know that the numbers will speak for themselves soon enough.”
- On the earnings call, management said an extended look at the game that premiered on Netflix became the platform’s most viewed title for the week, drawing 31 million viewers in its first four days (again, the company’s claim).
Outside estimates exist but are not confirmed by Take-Two. This Week in Video Games cited Sensor Tower data suggesting pre-orders were closing in on 8 million units. Treat that as a third-party estimate, not an official figure.
The outlook did not change
Here’s the interesting part: despite the strong pre-order language, Take-Two did not raise its full-year guidance. It reiterated fiscal 2027 net bookings of $8.0 to $8.2 billion for the year ending March 31, 2027. For the October-December quarter, which includes the GTA 6 launch, it guided to net bookings of $3.35 to $3.50 billion, more than double the quarter it just reported.
The company also said it expects recurrent consumer spending to be flat for the year, assuming the GTA series is up thanks to “robust sales” of GTA 6’s Ultimate Edition, which includes add-on content.
GTA 6 launch details to know
- Release date: November 19, 2026, per Take-Two’s lineup table.
- Platforms: PS5 and Xbox Series X|S only at launch. Take-Two has not listed a PC version. We covered what’s known in our GTA 6 PC release date explainer.
- Editions and price: see our breakdown of the GTA 6 price and editions.
- Setting: the state of Leonida and Vice City, explained in our GTA 6 map guide.
What else is on Take-Two’s slate
Beyond GTA 6, Take-Two’s announced lineup includes PGA Tour 2K27, WWE 2K27, CSR 3 on mobile, the next BioShock, and Judas from Ghost Story Games for PS5, Xbox Series X|S and PC. Most of those don’t have firm dates in the release. Zelnick said the company will also “explore emerging business opportunities, expand our geographic footprint, and pursue accretive M&A.”
What it means for players and investors
For players, the earnings report doesn’t change much: the launch date held, and the company is signaling strong demand, which could mean busy servers and stores on day one. For investors, the takeaway is that Take-Two’s whole year rides on one game. The company expects a GAAP net income of $109-$142 million for the full fiscal year, after a net loss of $88.1 million in the first six months, which only works if GTA 6 lands as hoped.
We’ll know soon. As Take-Two put it, the numbers “will speak for themselves soon enough.”
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