Take-Two sticks with 'GTA VI' launch timeline, forecasts annual bookings below estimates
Take-Two Interactive Software Inc. on Thursday forecast annual bookings below Wall Street expectations but reiterated the launch timeline for its highly anticipated title, "Grand Theft Auto VI" (GTA VI). The videogame publisher confirmed the game is set to debut on November 19, 2026, ending speculation regarding potential delays.
The company anticipates fiscal 2027 bookings to range between $8 billion and $8.20 billion. This projection falls below analysts' average estimate of $9.10 billion, according to Investing.com.
For the first quarter, Take-Two forecast bookings of $1.32 billion to $1.37 billion, which is also below analysts' estimates of $1.51 billion. In its fourth quarter, the company reported bookings of $1.58 billion, surpassing estimates of $1.57 billion.
Investors and analysts are closely monitoring the launch of "GTA VI," which is expected to be a significant revenue driver for Take-Two. The title is projected to sell millions of copies and generate billions in revenue shortly after its release, according to Yahoo Finance.
Take-Two aims to build on the success of the game's predecessor, "Grand Theft Auto V" (GTA V), particularly its multiplayer component. GTA V's online mode has been a consistent source of income through in-game currency purchases since its launch.
"GTA VI" is being developed by Rockstar Games, a unit of Take-Two, known for its track record with the franchise. Despite strong competition from rival publishers such as Electronic Arts and Microsoft's Activision Blizzard, "GTA VI" is expected to stand out due to the immense popularity of the franchise and Rockstar Games' development history. The confirmation of the November 2026 launch date provides clarity for investors and the gaming community.