# 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.
- Title: Take-Two Q2 2027 Earnings Call Highlights · The Motley Fool
- Summary: 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.
- Keywords: take-two, q2 2027, earnings call, grand theft auto vi, nba 2k27, net bookings, recurrent consumer spending, rockstar games, zynga, The Motley Fool
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/11/10/take-two-ttwo-q2-2027-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-11-10T06:26:41+00:00
- Read time: 2 min
- Topics: take-two, q2 2027, earnings call, grand theft auto vi, nba 2k27, net bookings, recurrent consumer spending, rockstar games, zynga, 2k, finance, money
## 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.
## Key takeaway

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.