US Stock Market Move | "GTA VI" Pre-orders "Continue to Reach Unprecedented Levels"; Take-Two Interactive (TTWO.US) Opens Sharply Higher, Up Nearly 9%

On Tuesday, Take-Two Interactive (TTWO.US) opened sharply higher by nearly 9%, up 18% month-to-date, now at $223.07. On the news front, U.S. game publisher Take-Two Interactive released its fiscal 2027 second-quarter results (quarter ended September 30) after market close on November 9 Eastern Time. The report showed quarterly net bookings of $1.60 billion, down 18% year-over-year; GAAP net revenue of $1.50 billion, down 15.4% year-over-year. GAAP net loss was $54 million, or $0.29 per diluted share, significantly narrower than the $0.73 per-share loss in the same period last year. Market focus has shifted entirely to the upcoming release of "Grand Theft Auto VI" (GTA VI). The title is scheduled for release on November 19 on PS5 and Xbox Series X|S. Chairman and CEO Strauss Zelnick said GTA VI pre-orders "continue to reach unprecedented levels" and that the company is heading into a "historic year." The company reiterated its full-year fiscal 2027 net bookings guidance of $88.2 billion, while for the first time providing third-quarter guidance, implying GAAP net revenue will "more than double" from this quarter, mainly benefiting from GTA VI sales ramping up in the second half of the fiscal year.