Key Takeaways
- 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
- FY2027 net bookings outlook of $8–$8.2 billion fell short of analyst projections of $9.13 billion
- The gaming giant officially verified GTA VI will release on November 19, 2026, following a leaked Best Buy pre-order email that sparked rumors
- TTWO shares climbed 5% during Friday’s premarket session, starting at $238.08
Take-Two Interactive (TTWO) exceeded Wall Street’s fourth-quarter expectations, sending shares higher. The stock rallied 5% in Friday’s premarket session, beginning trading at $238.08.
Take-Two Interactive Software, Inc., TTWO
The gaming publisher posted a net loss of $59.5 million, equating to 32 cents per share. This figure came in better than the 57-cent loss Wall Street analysts had projected. Net bookings reached $1.58 billion, surpassing the $1.55 billion consensus estimate.
CEO Strauss Zelnick expressed confidence in the results. “The quarter was outstanding. The entire fiscal year was outstanding,” he stated to Barron’s.
For fiscal year 2026, revenue increased 6% year-over-year. Management also issued FY2027 EPS guidance of $5.75 to $6.00, exceeding analyst projections — offering optimism regarding future profitability.
However, some guidance metrics fell short of expectations. The company’s FY2027 net bookings forecast of $8 billion to $8.2 billion significantly trailed Wall Street’s $9.13 billion estimate. Additionally, first-quarter FY2027 projections came in below consensus figures.
Zelnick responded to the guidance gap: “We have nothing to do with consensus. This is the first information that we’re providing to the Street.” He noted the company typically outperforms its own forecasts.
GTA VI: Official November 19 Launch Date Confirmed
The most anticipated announcement received official reconfirmation. GTA VI remains scheduled for a November 19, 2026 release — a timeline the company validated again on Thursday.
The path to this launch date hasn’t been smooth. The highly anticipated title was initially targeted for 2025 before experiencing multiple postponements. Last week, a leaked Best Buy affiliate email surfaced, seemingly referencing GTA VI pre-orders scheduled for May 18 to May 21. Those pre-orders never materialized.
Zelnick stated the company had “absolutely no idea” about the origin of that email. Rockstar Games plans to launch its GTA VI marketing campaign during summer months.
Growing Institutional Investment
Regarding institutional activity, Nano Cap New Millennium Growth Fund established a fresh stake in TTWO during Q4, acquiring 5,000 shares worth approximately $1.28 million — representing about 1.1% of its total portfolio.
Vanguard Group expanded its stake by 0.8% in Q4, currently holding more than 21.8 million shares valued at $5.6 billion. Bessemer Group executed a more substantial increase, boosting its position 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 with $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, totaling over $1.7 million. Director Ellen Siminoff sold 413 shares in April at $207.66. Combined insider sales over the previous three months reached $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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