Take-Two levels up on higher outlook as GTA VI anticipation builds

Take-Two Interactive Software

04/02/2026 09:41

** Take-Two Interactive Software TTWO.O shares up 4.6% premarket

** Videogame publisher raises FY2026 net bookings forecast to $6.65 bln–$6.7 bln, from $6.4 bln–$6.5 bln, citing strong demand for premium sports, action and mobile titles

** Q3 net bookings, recurrent spending, margins all beat LSEG estimates

** Reaffirms "Grand Theft Auto VI" launch in November, one of industry's most anticipated titles

** J.P. Morgan notes TTWO shares historically see multiple expansion into major launches, citing Red Dead Redemption 2 cycle, while flagging AI disruption as a longer-term risk

** Co executives downplay generative AI threats, saying Google's world-building AI is early-stage and does not replace full game engines or creative process

** YTD, stock is down 17%

(Reporting by Rashika Singh in Bengaluru)

((Rashika.Singh@thomsonreuters.com;))