Take-Two Interactive (TTWO) Stock Rises Ahead of GTA VI Launch Despite Earnings Miss

TLDR Take-Two stock was up 2.7% in premarket trading Tuesday. Quarterly bookings fell 18% to $1.6 billion, just under estimates. Full-year bookings guidance of $8 billion to $8.2 billion trails the Street. Jefferies kept its Buy rating and $300 price target. GTA VI launches Nov. 19, with preorders at 7.71 million units, per Sensor Tower. Take-Two Interactive (TTWO) stock was up 2.7% in premarket trading Tuesday. The move came after a quarterly report that missed estimates, with Grand Theft Auto VI just ten days from launch. Take-Two Interactive Software, Inc., TTWO Bookings for the quarter ended Sept. 30 fell 18% from a year ago to $1.6 billion. Wall Street had expected $1.62 billion. Take-Two pointed to NBA 2K27, which launched Sept. 4 and brought in lower bookings than planned.

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