Key Highlights
- Take-Two exceeded fourth-quarter expectations with a net loss of $59.5 million — better than the projected 57 cents per share deficit
- Quarterly net bookings reached $1.58 billion, surpassing 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
- The gaming giant officially reconfirmed GTA VI’s November 19, 2026 release following a Best Buy pre-order email leak
- Shares of TTWO climbed 5% during Friday’s premarket session, reaching $238.08
Take-Two Interactive (TTWO) posted fourth-quarter results that exceeded Wall Street forecasts, sending shares higher by 5% in early Friday trading to open at $238.08.
Take-Two Interactive Software, Inc., TTWO
The gaming publisher reported a quarterly net loss of $59.5 million, translating to 32 cents per share. This figure outperformed analyst projections calling for a 57-cent deficit. Quarterly net bookings reached $1.58 billion, exceeding the Street’s $1.55 billion forecast.
CEO Strauss Zelnick expressed confidence in the results. “The quarter was outstanding. The entire fiscal year was outstanding,” he stated in comments to Barron’s.
Full-year fiscal 2026 revenue increased by 6% year-over-year. The company also issued fiscal 2027 EPS guidance ranging from $5.75 to $6.00, surpassing analyst forecasts — a positive indicator for future profitability.
However, certain guidance metrics fell below expectations. The company’s fiscal 2027 net bookings outlook of $8 billion to $8.2 billion significantly trailed Wall Street’s $9.13 billion consensus. Additionally, first-quarter fiscal 2027 projections came in below analyst 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 the company’s track record of exceeding its own internal forecasts.
GTA VI Release Date Officially Confirmed for November 19, 2026
The most anticipated announcement received official confirmation Thursday. Take-Two reaffirmed that GTA VI remains scheduled for a November 19, 2026 launch — the date that has captivated the gaming community.
The game’s development timeline has experienced several shifts. Initially targeted for a 2025 release, the project faced multiple postponements. Recent confusion arose when a Best Buy affiliate marketing email surfaced last week, seemingly indicating GTA VI pre-orders would run from May 18 through May 21. Those pre-orders never materialized.
Zelnick stated the company had “absolutely no idea” about the origin of that promotional email. Rockstar Games is preparing to launch its official GTA VI marketing campaign during the summer months.
Institutional Investors Show Growing Interest
Institutional activity around TTWO has increased. Nano Cap New Millennium Growth Fund established a fresh stake in the company during the fourth quarter, acquiring 5,000 shares worth approximately $1.28 million — representing roughly 1.1% of its total holdings.
Vanguard Group expanded its position by 0.8% in Q4, currently controlling more than 21.8 million shares valued at $5.6 billion. Bessemer Group demonstrated even stronger conviction, boosting its stake by 53.1% during the same timeframe.
Wall Street analysts maintain a generally positive outlook. Raymond James elevated TTWO to a “strong buy” rating with a $285 price objective. Both Wedbush and DA Davidson maintain “outperform” and “buy” ratings respectively, each targeting $300. The analyst consensus stands at “Moderate Buy” with a mean price target of $287.93.
Insider transactions have trended toward selling. CEO Zelnick divested 7,946 shares in March at an average price of $214.16, totaling more than $1.7 million. Board member Ellen Siminoff sold 413 shares in April at $207.66. Combined insider selling over the past three months reached $13.8 million.
TTWO trades within a 52-week range spanning $187.63 to $264.79. The stock’s 50-day moving average stands at $211.59, while the 200-day moving average rests at $225.86.
