Feb 3 (Reuters) – Take-Two Interactive raised its annual bookings forecast on Tuesday, betting on strong sales of its premium sports, action and mobile titles as it gears up to launch the highly anticipated “Grand Theft Auto VI” in November.
Shares of the company rose around 4% in extended trading.
While “GTA VI” is expected to make the company billions at launch, investors will also look at how Take-Two and developers Rockstar Games plan to update the title post launch to keep players engaged and spending on its online features.
“We continue to project record levels of net bookings in fiscal 2027, which we believe will establish a new financial baseline for our business,” said company CEO Strauss Zelnick.
Take-Two is benefiting from a steady rebound in the mobile gaming market, with titles such as “Match Factory!” and “Toon Blast” seeing robust growth after a prolonged slump.
The videogame publisher now expects bookings of between $6.65 billion and $6.7 billion for its fiscal 2026 ending March 31, compared with its prior forecast of between $6.4 billion and $6.5 billion.
Net bookings for the third quarter came in at $1.76 billion, beating estimates of $1.59 billion, according to data compiled by LSEG.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Vijay Kishore)
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