Take-Two Reaffirms GTA VI November 19 Launch, Holds Bookings Forecast
On Thursday, Take-Two Interactive announced net bookings of $1.39 billion for its fiscal first quarter, while confirming that Grand Theft Auto VI is set to be released on November 19. The company upheld its annual bookings forecast, projecting between $8 billion and $8.2 billion, reflecting its confidence in the upcoming title. The results for the first quarter surpassed expectations, thanks to robust portfolio performance. Analysts anticipate that GTA VI will achieve record sales, likely enhancing financial results in the latter half of the fiscal year. With strong pre-orders and an optimistic outlook on the game's innovative features, Take-Two's stock trades under the ticker $TTWO, making its performance vital for reaching its bookings goals.
Key facts
- Take-Two Interactive reported fiscal first-quarter net bookings of $1.39 billion.
- The company reaffirmed that Grand Theft Auto VI will launch on November 19.
- Take-Two maintained its full-year bookings outlook of $8 billion to $8.2 billion.
- The announcement was made on Thursday.
- Take-Two's stock ticker is $TTWO.
- The fiscal first-quarter results exceeded expectations.
- The launch of GTA VI is expected to have a major impact on the gaming market.
- Pre-orders for GTA VI are already strong.
Entities
Institutions
- Take-Two Interactive
Sources
- Quartz —