Take-Two Stock Climbs on Q3 Results, 'GTA 6' Update: 'Unprecedented Levels' of Preorders to Power 'Historic Year'

Take-Two Interactive Software (NASDAQ:TTWO) announced second-quarter financial results Monday after market close.

Here are the highlights.

• Take-Two Interactive stock is among today’s top performers. Why is TTWO stock surging?

Take-Two Q2 Financials

Take-Two reported second-quarter bookings of $1.60 billion, down 18% year-over-year. The bookings total beat a Street consensus of $1.58 billion, according to data from Benzinga Pro.

The company said "NBA 2K" and "Grand Theft Auto" were the biggest contributors to net bookings for the quarter.

Take-Two reported earnings of 99 cents per share, beating a Street consensus estimate of 94 cents per share.

What’s Next for Take-Two

Attention turns to the release of the highly anticipated "GTA 6" game on Nov. 19.

"The launch of Grand Theft Auto VI is 10 days away and, with preorders continuing to reach unprecedented levels, we expect to deliver a historic year for our company," Take-Two CEO Strauss Zelnick said.

The company is reiterating its fiscal 2027 outlook of net bookings in a range of $8.00 billion to $8.20 billion. Full-year net revenue is guided to be in a range of $7.98 billion to $8.18 billion, up from a prior range of $7.90 billion to $8.10 billion.

Adjusted earnings per share are expected in a range of $5.75 to $6 for the full fiscal year.

For the third quarter, the company sees sales in a range of $3.35 billion to $3.50 billion and earnings per share in a range of $3.80 to $4. This is compared to Street guidance of $3.38 billion and $3.95, respectively.

Zelnick said the company will explore business opportunities, pursue accretive M&A and expand the geographic footprint to unlock earnings power and shareholder value.

Take-Two Stock Price Action

Take-Two stock is up 4.06% to $216 in after-hours trading Monday versus a 52-week trading range of $183.86 to $265.94.

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