Why Is TTWO Stock Jumping In Premarket?

• Take Two reported Q4 revenue that surpassed analysts’ expectations and narrowed its net loss.
• Despite expecting strong sales of GTA VI, Take Two’s net booking forecast for 2027 came in below analysts' expectations.
• Stocktwits sentiment for TTWO climbed multiple points higher in the ‘bullish’ zone.

Take-Two Interactive Software, Inc.’s shares rose nearly 6% in premarket trading on Friday, after the company confirmed that “Grand Theft Auto VI” will release on Nov. 19 this year and signaled business momentum.

The news overshadowed a mixed quarterly report from Take Two. The video games makers reported fiscal fourth-quarter revenue above analysts’ expectations, but its fiscal 2027 net booking forecast missed the target. 

Take Two Bets Big On GTA VI

“We believe Fiscal 2027 will establish new record levels of operating performance driven by the November 19th launch of ‘Grand Theft Auto VI,’ along with strong execution across our portfolio,” Take Two CEO Strauss Zelnick said in a statement. 

“We expect to sustain this higher level of scale, generate strong cash flows, and deliver long-term shareholder value as we release our robust development pipeline, continue to optimize our live services and capitalize on new business opportunities.” To be sure, the game has been delayed twice in the past year.

TTWO Q4 Results

In the last quarter, revenue rose 6% to $1.68 billion. Analysts had been expecting a decline to $1.55 billion. Recurrent consumer spending on digital items climbed 12% and now accounts for 81% of all revenue, the company said.

Take-Two narrowed its quarterly loss to $59.5 million from a loss of $3.73 billion in the year-ago quarter. The year-ago quarter included a $3.55 billion goodwill impairment charge.

The videogame maker said it expects fiscal 2027 net bookings to be between $8 billion and $8.2 billion, which was less than the Wall Street target of $9.13 billion.

Retail View On TTWO

On Stocktwits, the retail sentiment for TTWO climbed multiple points higher in the ‘bullish’ zone, with traders highlighting the update about GTA VI as the biggest takeaway.

“$TTWO Rumors that pre-orders start within next week after er tonight. If so, this heads to 300+ in a hurry. Long,” said a trader. Another wrote: “$GTA Buying this stock on sale earlier in the year ahead of GTA VI release was like a three-foot putt for a birdie.  Don’t overthink it, just tap it in.”

As of its last close, TTWO stock has declined 7% year to date. 

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