Take-Two Q2: net bookings fall 18% to $1.60bn, full-year outlook held ahead of GTA 6
Take-Two Interactive reported second-quarter net bookings of $1.60 billion, down 18% and slightly below its guidance. It kept its full-year outlook at $8 billion to $8.2 billion, with Grand Theft Auto 6 due November 19.
Digital Developer Desk, 13h ago, 2 min read
Take-Two Interactive's second fiscal quarter saw net bookings fall 18% to $1.60 billion and net revenue fall 16% to $1.50 billion. Net bookings landed slightly below the $1.62 billion to $1.67 billion range the publisher had advised. The company kept its full-year net bookings outlook at $8 billion to $8.2 billion and raised its full-year GAAP net revenue guidance to between $7.98 billion and $8.18 billion, from $7.9 billion to $8.1 billion.
NBA 2K27 had the second-highest net bookings launch in the series' history and has sold over 4 million units since its September 4 launch. It still fell short of Take-Two's forecast for the period. The company called the launch window "unusually busy" and expects net bookings and engagement to pick up in the second half of the fiscal year as more post-launch content arrives.
The Grand Theft Auto series beat the forecast for the quarter. Grand Theft Auto 5 has now sold nearly 235 million units, and recurrent consumer spending and average monthly GTA+ members both grew by a double-digit percentage. Take-Two said pre-orders for Grand Theft Auto 6 are "tracking far in excess of our initial expectations." CEO Strauss Zelnick said the game launches ten days from the report and that pre-orders continue to reach unprecedented levels.
For the third quarter, Take-Two expects net bookings of $3.35 billion to $3.5 billion, compared with $1.76 billion in the same quarter last year. It expects operating expenses to rise by around 21% year-on-year on a management basis, primarily due to marketing for Grand Theft Auto 6.
Elsewhere, the Borderlands franchise has passed 100 million units sold. Mobile performed in line with Take-Two's plans: Color Block Jam net bookings fell by double digits against a peak in the same quarter last year, Toon Blast grew 4%, and Words With Friends grew 6%, helped by a collaboration with Wheel of Fortune. NBA 2K All-Star, released in China with Tencent, has passed 11 million registered users.
Sources
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