Take-Two Interactive reported on November 9 (local time) that its net bookings for the second quarter of fiscal year 2027 (July–September 2026) fell 18% year-over-year to $1.6 billion (approx. 2.1734 trillion won). Although quarterly top-line revenue contracted due to the absence of major new releases, the company maintained its full-year net bookings guidance of $8 billion to $8.2 billion (approx. 10.8672 trillion to 11.1389 trillion won) ahead of the upcoming release of 'Grand Theft Auto VI' (hereafter 'GTA VI') on November 19.
Net bookings serve as Take-Two's primary operational metric, combining digital and physical product sales, licensing fees, and other revenue streams. During the same period, U.S. GAAP net revenue decreased by approximately 16% year-over-year to around $1.5 billion (approx. 2.0376 trillion won), but net loss narrowed to $54 million (approx. 73.4 billion won).
The drop in net bookings this quarter was largely attributed to a high base effect resulting from consecutive major title releases during the same period last year. Unlike the prior-year period, which saw the back-to-back launches of 'Mafia: The Old Country' in August 2025 and 'Borderlands 4' in September, net bookings from full games and other items plummeted by approximately 44% in July–September this year. Recurrent consumer spending net bookings—comprising in-game purchases and add-on content—also fell 9%, accounting for 81% of total net bookings.
In its quarterly report filed with the U.S. Securities and Exchange Commission (SEC), Take-Two cited revenue declines from the 'Borderlands', 'Mafia', and 'NBA 2K' franchises, alongside mobile titles 'Color Block Jam' and 'Match Factory!', as the main drivers of the decrease. However, it added that steady growth in net bookings for existing 'GTA' titles partially offset the quarterly decline.
Market attention has already turned to the upcoming quarter (October–December 2026). Unlike the Q2 results, which closed on September 30, the financial impact of 'GTA VI' following its official launch on PS5 and Xbox Series X|S scheduled for November 19 will begin to be fully reflected starting with the Q3 results.
Take-Two expects total net bookings for Q3—boosted by the arrival of 'GTA VI'—to reach $3.35 billion to $3.5 billion (approx. 4.5506 trillion to 4.7544 trillion won), more than double this quarter's figure. While Take-Two Chairman and CEO Strauss Zelnick did not disclose specific pre-order figures or revenue details, he emphasized that pre-order momentum for 'GTA VI' continues at an "unprecedented level."
