What's Going On With Take-Two Stock On Friday? - Take-Two Interactive (NASDAQ:TTWO)
The publisher posted $1.68 billion in revenue and a smaller-than-expected loss, while forecasting $8 billion to $8.2 billion in fiscal 2027 bookings.
- Take-Two Interactive forecast fiscal 2027 net bookings between $8 billion and $8.2 billion, confirming Grand Theft Auto VI will launch on Nov. 19.
- CEO Strauss Zelnick acknowledged a conservative approach on Thursday's investor call, noting previous Grand Theft Auto and Red Dead Redemption titles consistently outperformed expectations, positioning fiscal 2027 as a potential "breakout year."
- Morgan Stanley and JPMorgan described the forecast as consistent with Take-Two's historical track record of conservative guidance, with both firms suggesting the publisher is underpromising to eventually overdeliver on revenue.
- Shares dropped about 5% midday Friday, reversing earlier gains, as investors reacted negatively to the company's net bookings guidance falling about 11% below Wall Street estimates.
- Rockstar Games plans to begin marketing Grand Theft Auto VI this summer, with Morgan Stanley expecting 40 million copies to sell during fiscal year 2027.
15 Articles
15 Articles
What's Going On With Take-Two Stock On Friday? - Take-Two Interactive (NASDAQ:TTWO)
After spiking in pre-market trading, Take-Two Interactive Software shares are down after the company beat quarterly estimates and forecast record fiscal 2027 bookings driven by the Nov. 19 launch of Grand Theft Auto VI.
Take-Two stock falls as weak FY27 guidance offsets GTA VI hype
Shares of Take-Two Interactive Software (TTWO) fell on Friday despite the video game publisher reporting better-than-expected quarterly results and reaffirming the release timeline for the highly anticipated Grand Theft Auto VI.The company posted stronger-than-expected fiscal fourth-quarter net bookings and a narrower loss than analysts anticipated. However, investor sentiment weakened after Take-Two issued fiscal 2027 net bookings guidance belo…
Take-Two Interactive (TTWO) confirmed the date when Grand Theft Auto VI will reach the market and cleared doubts about further delays in its launch.The company reinforced growth expectations for fiscal year 2027, at a time when Wall Street analysts expect the video game to drive a new expansion cycle for the company.See more: Latin America's most vulnerable currencies in the face of massive bond sales, according to GoldmanThe confirmation came a…
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