Take-Two reiterates annual bookings forecast, confirms 'GTA VI' launch

Take-Two Interactive maintained its annual bookings forecast on Friday, while also reaffirming the November 19 launch date for its highly anticipated title 'Grand Theft Auto VI'. The company's reiteration of its outlook comes amid some investor concerns about demand strength for the blockbuster game, which is expected to be a significant revenue driver.

The company has priced the base version of 'GTA VI' at $79.99 and the 'Ultimate Edition' at $99.99. Despite the high price tags, analysts anticipate strong sales due to the long wait from fans and the franchise's established popularity, building on the success of 'GTA V', which has sold nearly 230 million units since its 2013 launch.

Take-Two expects fiscal 2027 bookings to range between $8 billion and $8.20 billion. This forecast falls below the average analyst expectation of $8.86 billion. For the second quarter, the company forecast bookings between $1.62 billion and $1.67 billion, also below the analysts' average estimate of $1.85 billion.