🎮 $TTWO (+3,57%) today reported its Q1 results for fiscal year 2027:
Net bookings totaled $1.39 billion —a decline of 3% compared to the previous year, but slightly above the upper end of the company’s own forecast. Revenue rose to $1.53 billion.
Take-Two reported a GAAP net loss of $34.1 million, or $0.18 per share, compared with $11.9 million, or $0.07 in the same quarter of the prior year. The higher loss is primarily attributable to an impairment charge of $43.4 million for a canceled, never-announced game.
During the earnings call, CEO Strauss Zelnick refused to provide specific pre-order figures. He merely said that the level of pre-orders was unprecedented and astonishing—so unprecedented that the company simply didn’t know how it would translate into actual sales. The company doesn’t believe in declaring victory before it has actually been achieved.
Zelnick added that Take-Two had .
Despite the pre-order hype, the annual forecast was not raised: Take-Two merely confirmed the previous range of $8.0 to $8.2 billion in net bookings for fiscal year 2027.
GTA 6 is set to be released on November 19, 2026, as planned, and pre-orders have been open since June 25 at $79.99 for the Standard Edition.