From The Motley Fool · Motley Fool Transcribing · · 2m
Take-Two Q2 2027 Earnings Call Highlights
Take-Two reports $1.6 billion net bookings for Q2 2027, slightly below guidance, as Grand Theft Auto VI preorders surge ahead of Nov 19 launch.
In brief
Take-Two reports $1.6 billion net bookings for Q2 2027, slightly below guidance, as Grand Theft Auto VI preorders surge ahead of Nov 19 launch. Take-Two's Q2 2027 net bookings fell to $1.6 billion below guidance due to NBA 2K27 performance, but preorders for Grand Theft Auto VI exceed expectations ahead of November 19…
Q2 2027 Net Bookings
Net bookings fell to $1.6 billion, slightly below the $1.62 billion to $1.67 billion guidance range.
NBA 2K27 Performance
Recorded second-highest net bookings in series history but finished below internal forecasts.
Grand Theft Auto V Sales
Nearly 235 million units sold to date, exceeding internal forecasts during the quarter.
Fiscal 2027 Net Bookings Guidance
Reiterated at $8 billion to $8.2 billion, reflecting anticipated contributions from Grand Theft Auto VI launch.
Recurrent Consumer Spending
81% of net bookings, decreased 9% year over year due to softer NBA 2K and mobile titles.
GAAP Net Revenue
GAAP net revenue fell to $1.50 billion, a 16% decrease compared to the same period last year.
GAAP Net Loss
GAAP net loss of $54.0 million or $0.29 per share, improving from $133.9 million in the prior year.
Operating Expenses
Operating expenses decreased 9% year over year driven by lower personnel costs and reduced user acquisition spending.
Fiscal Third Quarter Guidance
Projected at $3.35 billion to $3.5 billion, significantly higher than $1.76 billion in the prior year.
Capital Expenditures
Estimated at approximately $290 million for the fiscal year to support ongoing development and technology infrastructure.
Borderlands Franchise
Surpassed 100 million units sold following new content and promotions for the series.
NBA 2K27 Unit Sales
Over 4 million units sold since September launch.
Toon Blast Growth
Net bookings rose 4% over prior year's record second quarter, supported by new B.E.A.M. in-game feature.
Words With Friends Growth
Increased 6% year over year following multi-platform collaboration with Wheel of Fortune.
NBA 2K All-Star (China)
Surpassed 11 million registered users since 2025 launch, delivering strong profit margins through Tencent partnership.
Grand Theft Auto VI Launch
Scheduled for November 19, 2.027 with preorders tracking far in excess of initial expectations.
The headline
Take-Two's Q2 2027 net bookings fell to $1.6 billion below guidance due to NBA 2K27 performance, but preorders for Grand Theft Auto VI exceed expectations ahead of November 19 launch.
