Take-Two Interactive has reported an 18% decline in Net Bookings for the second quarter of fiscal 2027, with weaker-than-expected performance from NBA 2K27 and lower mobile spending contributing to the results. The company recorded $1.60 billion in Net Bookings, down from $1.96 billion during the same period last year and slightly below its guidance of $1.62 billion to $1.67 billion.
Despite the weaker quarter, Take-Two maintained its full-year Net Bookings forecast of $8.0 billion to $8.2 billion, with the upcoming launch of Grand Theft Auto VI expected to provide a substantial boost.
NBA 2K27 delivered the second-highest launch Net Bookings in franchise history but still fell short of Take-Two’s internal expectations. The Grand Theft Auto series performed better than forecast, while the company’s mobile business remained in line with its projections.
Recurrent consumer spending, which includes purchases made after the initial sale of a game, declined 9% during the quarter. Take-Two had previously expected a smaller decline of 5%. The drop was driven by weaker spending across NBA 2K and mobile titles, partially offset by growth from Grand Theft Auto.
The company’s biggest contributors to Net Bookings included NBA 2K, Grand Theft Auto, Toon Blast, Match Factory!, Empires & Puzzles, Borderlands, Words With Friends, Red Dead Redemption, Color Block Jam, WWE 2K, and Zynga Poker.
Take-Two is now preparing for the November 19 launch of Grand Theft Auto VI on PlayStation 5 and Xbox Series X|S. CEO Strauss Zelnick said pre-orders continue to reach unprecedented levels, with the company confirming that demand is tracking well above its original expectations.
For the third quarter, Take-Two expects Net Bookings between $3.35 billion and $3.5 billion. Recurrent consumer spending is projected to increase approximately 12%, supported by sales of Grand Theft Auto VI: Ultimate Edition and its add-on content.
The company’s established franchises also continue to generate significant sales. The Grand Theft Auto series has sold nearly 480 million units worldwide, including almost 235 million copies of Grand Theft Auto V.
The Red Dead Redemption franchise has surpassed 118 million units, with Red Dead Redemption 2 accounting for more than 89 million. Meanwhile, NBA 2K has sold over 175 million units worldwide, and the Borderlands series has exceeded 100 million, led by Borderlands 2 with more than 31 million copies sold.
Looking ahead to the full fiscal year, Take-Two expects NBA 2K Net Bookings to grow by a high-single-digit percentage. Mobile is expected to decline as Zynga’s established games slow following last year’s strong performance from Color Block Jam.
Take-Two also reported a GAAP net loss of $54.0 million for the quarter, an improvement from the $133.9 million loss recorded during the same period last year.
