Key Highlights
- Take-Two exceeded Q4 projections with a net loss of $59.5 million — tighter than the anticipated 57 cents per share shortfall
- Quarterly net bookings reached $1.58 billion, surpassing the Street’s $1.55 billion projection
- Fiscal 2027 net bookings outlook of $8–$8.2 billion fell short of the $9.13 billion analyst consensus
- The gaming giant reaffirmed that GTA VI will debut on November 19, 2026, following recent speculation triggered by a leaked retailer email
- TTWO shares climbed 5% during Friday’s premarket session, starting the day at $238.08
Take-Two Interactive (TTWO) posted fourth-quarter results that exceeded Wall Street expectations, sending shares higher by 5% in early Friday trading to an opening price of $238.08.
Take-Two Interactive Software, Inc., TTWO
The publisher reported a quarterly net loss of $59.5 million, translating to 32 cents per share. This figure came in better than the 57-cent per share loss that analysts had projected. Meanwhile, net bookings reached $1.58 billion, outpacing consensus estimates of $1.55 billion.
CEO Strauss Zelnick was enthusiastic about the results. “The quarter was outstanding. The entire fiscal year was outstanding,” he remarked in an interview with Barron’s.
For the full fiscal year 2026, revenue advanced 6% year-over-year. The company also issued FY2027 earnings per share guidance ranging from $5.75 to $6.00, exceeding what analysts had anticipated — a positive signal for future profitability.
However, not all guidance met investor expectations. Take-Two’s fiscal 2027 net bookings forecast of $8 billion to $8.2 billion fell significantly below the Street’s $9.13 billion consensus. The first-quarter outlook for FY2027 similarly trailed analyst projections.
Zelnick responded to the bookings guidance gap: “We have nothing to do with consensus. This is the first information that we’re providing to the Street.” He emphasized that the company has historically exceeded its own internal projections.
GTA VI Release Date Officially Reconfirmed for November 19, 2026
The most anticipated announcement received renewed confirmation. Take-Two officially restated on Thursday that GTA VI remains scheduled for a November 19, 2026 launch.
The path to this date has seen its share of turbulence. Initially planned for a 2025 debut, the title faced multiple postponements. Speculation intensified last week when a Best Buy affiliate marketing email surfaced, seemingly referencing GTA VI pre-order availability from May 18 through May 21. Those pre-orders, however, never materialized.
Zelnick stated the company had “absolutely no idea” regarding the origin of that leaked email. Rockstar Games is preparing a comprehensive GTA VI marketing campaign slated for this summer.
Institutional Investors Adjusting Positions
Among institutional movements, Nano Cap New Millennium Growth Fund established a fresh stake in TTWO during the fourth quarter, acquiring 5,000 shares worth approximately $1.28 million — representing roughly 1.1% of the fund’s total holdings.
Vanguard Group expanded its stake by 0.8% in Q4, bringing total ownership to more than 21.8 million shares valued at $5.6 billion. Bessemer Group showed even stronger conviction, boosting its position by 53.1% during the same timeframe.
Analyst sentiment skews positive. 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 with $300 targets. The overall analyst consensus stands at “Moderate Buy” with an average price target of $287.93.
Insider transactions have trended toward selling. CEO Zelnick offloaded 7,946 shares in March at an average price of $214.16, totaling more than $1.7 million. Director Ellen Siminoff divested 413 shares in April at $207.66 per share. Combined insider sales over the past quarter reached $13.8 million.
TTWO currently trades within a 52-week band of $187.63 to $264.79. The stock’s 50-day moving average stands at $211.59, while its 200-day moving average rests at $225.86.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
