Take-Two Interactive, the powerhouse behind popular franchises like “Grand Theft Auto” and “NBA 2K,” announced a positive outlook in its fiscal third-quarter results, leading to a 4% increase in its stock during after-hours trading. The company reported net bookings of $1.76 billion, marking a robust 28% increase compared to the same period last year, and exceeding Wall Street analysts’ expectations of $1.58 billion.
In a significant gesture of confidence, Take-Two also raised its full-year bookings forecast to between $6.65 billion and $6.7 billion, an upward revision from the previous estimate of $6.4 billion to $6.5 billion. This adjusted outlook surpasses Wall Street’s estimate of $6.47 billion. Additionally, the company has revised its full-year net loss guidance to between $369 million and $338 million, down from previous projections of $414 million to $349 million.
Amid these financial gains, Take-Two reaffirmed the release date for its highly anticipated title, “Grand Theft Auto 6,” which has been slated for November 19, 2026, after a prior delay from May 2026. The excitement surrounding this next installment remains high, especially since the last trailer was revealed in May 2025.
However, shares of Take-Two, along with other gaming firms, have seen fluctuations following the announcement of Google’s Project Genie, a tool that enables users to create interactive worlds through text or image prompts. Since the introduction of Project Genie, Take-Two’s market capitalization has reportedly decreased by nearly $6 billion. Nonetheless, analysts argue that the market’s reaction is unwarranted, suggesting that the tool currently offers limited interactivity, with mBank analyst Piotr Poniatowski describing it as a simple “one-minute-long walking simulator generator.”
Despite the challenges, Take-Two’s financial performance and the strategic position of its upcoming releases appear to position the company favorably in the competitive gaming market. The reaffirmation of “Grand Theft Auto 6” is expected to maintain fan engagement and interest as the gaming community looks ahead to more substantial content leading into its launch.