Take‑Two Interactive (TTWO) Slides as ‘GTA VI’ Slips to Nov. 19, 2026—Despite Record Q2 Bookings and Full‑Year Guidance Raise (Nov. 7, 2025)

• Rockstar confirms Grand Theft Auto VI will now launch November 19, 2026. 1
• Q2 FY2026: Take‑Two posts record net bookings of $1.96B, GAAP revenue $1.77B, and GAAP net loss of $133.9M as live‑service and mobile drive growth. 2
• Company raises FY2026 net bookings outlook to $6.4–$6.5B and guides Q3 revenue to $1.57–$1.62B. 2
• Stock reaction: Shares fell ~5–7% in after‑hours/premarket on the delay; trading remains volatile intraday. 3

What happened today

Take‑Two Interactive (NASDAQ: TTWO) is in focus after Rockstar Games pushed Grand Theft Auto VI to November 19, 2026 and Take‑Two reported stronger‑than‑expected fiscal Q2 results and a guidance raise. Rockstar framed the move as extra time to meet quality goals; it posted the new date publicly this morning. 1

In an evening press release following its earnings call on Nov. 6, Take‑Two announced record Q2 FY2026 net bookings of $1.96 billion (up 33% year over year), GAAP revenue of $1.77 billion, and a GAAP net loss of $133.9 million ($0.73/share). Management raised FY2026 net bookings guidance to $6.4–$6.5 billion and said bookings should reach record levels in FY2027, when GTA VI launches. 2

Analysts said the new holiday‑season timing could ultimately boost launch economics for GTA VI—from alignment with peak spending to deeper platform marketing—despite today’s knee‑jerk sell‑off. 4

The numbers: Q2 FY2026 at a glance

• Net Bookings:$1.96B, +33% YoY (company record for a second quarter).
• GAAP Revenue:$1.77B, vs. $1.35B last year.
• GAAP Net Loss:$133.9M (‑$0.73/share), improved from ‑$365.5M a year ago.
• Recurrent consumer spending:73% of bookings; 72% of GAAP revenue.
• Top contributors: NBA 2K26/2K25, Borderlands 4, GTA Online/GTA V, plus mobile hits like Toon Blast, Match Factory!, Color Block Jam, Empires & Puzzles, and Words With Friends. 2

Outlook updates

• FY2026 Net Bookings:$6.4–$6.5B (raised).
• Q3 FY2026 GAAP Revenue:$1.57–$1.62B; Net Bookings:$1.55–$1.60B.
• Management reiterated expectations for record bookings in FY2027 as GTA VI debuts. 2

Market reaction

After sliding ~7% in extended trading and ~5% premarket on the delay, TTWO has been choppy intraday as investors digest a strong quarter against a later GTA VI window.

Why the delay may not derail the story

• Holiday leverage: A Nov. 19, 2026 launch places GTA VI squarely in the holiday spend window, potentially amplifying unit sales, bundles, and platform co‑marketing. 4
• Quality buffer: Management emphasized additional polish and reiterated confidence in “an unrivalled blockbuster entertainment experience.” 2
• Underlying strength: With live‑services and mobile (Zynga portfolio) now the majority of revenue, Take‑Two’s FY2026 bookings raise signals near‑term resilience without GTA VI. 2

What to watch next

1. Marketing beats for GTA VI (trailers, preorders, editions) now that the exact date is set. 1
2. Holiday quarter (Q3 FY2026) performance for NBA 2K, Borderlands 4, and mobile cohorts against new guidance. 2
3. Industry demand into 2026 as publishers reposition tentpoles toward late‑year windows and platforms pursue bundle strategies. 4

FAQ

When will Grand Theft Auto VI be released?
November 19, 2026 (Thursday), per Rockstar’s official announcement. 1

Why is TTWO stock down today?
Investors reacted to the delay of GTA VI; shares fell ~5–7% into this morning before stabilizing as the market absorbed a strong quarter and raised FY2026 outlook. 3

Did Take‑Two beat in Q2 FY2026?
Yes—net bookings of $1.96B topped internal guidance and consensus, with GAAP revenue at $1.77B and a GAAP net loss of $133.9M improving year over year. 2

What’s the new full‑year outlook?
FY2026 net bookings of $6.4–$6.5B (raised). Management also guided Q3 FY2026 GAAP revenue to $1.57–$1.62B and net bookings to $1.55–$1.60B. 2

What drove Q2 performance besides GTA?
Recurring spend and franchises including NBA 2K, Borderlands, and mobile titles (e.g., Toon Blast, Match Factory!) were named key contributors. 2

Source notes

• Rockstar Games confirmed the new GTA VI date and apology for the added wait. 1
• Take‑Two IR / Business Wire detailed Q2 results, raised outlook, and the FY2027 record‑bookings setup. 2
• Reuters / Investopedia captured the market’s initial reaction and analyst color on why a holiday launch can be a net positive. 3

Disclosure: This article is for informational purposes only and is not investment advice.