Pre-orders for GTA 6 are booming and may reverse the recent downturn! Citi raises its target price for Take-Two Interactive Software (TTWO.US) to $270

Zhitong Finance APP has learned that US game publisher Take-Two Interactive Software (TTWO.US) released its fiscal 2027 Q2 results after the US market closed on November 9, Eastern Time. The financial report shows that the company's net bookings for the quarter were $1.6 billion, down 18% year-on-year and slightly below the previous guidance range of $1.62 billion–$1.67 billion; revenue was $1.5 billion, a decrease of about 15.4% year-on-year, also lower than the market consensus of around $1.66 billion. Under GAAP, the net loss was $54 million; the loss per share was $0.29, a significant narrowing compared to last year’s loss of $0.73 per share. Management reiterated the full-year net bookings guidance of $8.0 billion–$8.2 billion and, for the first time, provided Q3 net bookings guidance of $3.35 billion–$3.5 billion, implying that GAAP net revenue will more than double compared with this quarter, but this range is below the LSEG consensus of $3.51 billion. As of press time, Take-Two Interactive Software’s shares were up nearly 5% in Monday’s after-hours trading.