On August 7, Take-Two rose 5.07% in regular trading, trading at approximately $244.28 per share, with turnover of $4.1 billion. The stock had initially fallen over 5% in pre-market trading before reversing sharply during the session.
The rally was driven by better-than-expected fiscal Q1 results and management commentary on Grand Theft Auto VI pre-orders. Take-Two reported GAAP net revenue of $1.53 billion, up 2% year-over-year, with adjusted EPS of $0.35 beating the consensus estimate of $0.33. Net bookings of $1.39 billion exceeded both company guidance and Wall Street expectations. CEO Strauss Zelnick stated GTA VI pre-order performance is \"extraordinary,\" describing it as something \"never seen before at Take-Two or in the industry.\" The company reaffirmed its fiscal 2027 full-year net bookings guidance of $8.0 billion to $8.2 billion, noting it has not adjusted projections because pre-orders remain cancellable. Management also indicated consumer demand remains robust with no signs of softening.
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