Take-Two just had a quarter where revenue went down and it posted a loss, and nobody seems worried. That’s what happens when the next thing on your release schedule is Grand Theft Auto VI.
The publisher reported its fiscal second-quarter results on November 9, ten days before GTA 6 arrives on PS5 and Xbox Series X|S. The numbers themselves were soft. What everyone focused on was one sentence about pre-orders.
The line that mattered
In the official release, CEO Strauss Zelnick wrote that the launch of GTA 6 “is ten days away” and that pre-orders are “continuing to reach unprecedented levels.” Take-Two didn’t give a pre-order count, so there’s no hard number to quote, but “unprecedented” is a strong word from a company that also owns GTA V, one of the best-selling games ever made.
GamesRadar+ goes further and reports that GTA 6 is the most pre-ordered game of all time on both the PlayStation and Microsoft stores. Some analytics firms have also floated pre-launch revenue estimates close to a billion dollars. Those are third-party estimates, not Take-Two figures, so file them under “plausible, unconfirmed”.
The quarter, in numbers
| Fiscal Q2 2027 | A year earlier | |
|---|---|---|
| Net bookings | $1.60 billion | $1.96 billion |
| GAAP net revenue | $1.50 billion | $1.77 billion |
| GAAP net loss | $54.0 million | $133.9 million |
Net bookings fell 18%, and spending on ongoing games (think GTA Online and NBA 2K) dropped 9%. That’s not surprising: a lot of players are clearly saving their money and their free time for November 19.
The important part is the forecast. Take-Two kept its full-year target of $8.0 to $8.2 billion in net bookings, and expects $3.35 to $3.5 billion in the October–December quarter alone. That’s more than double the quarter it just reported, and almost all of that jump is GTA 6.
“Additional scale doesn’t seem to help”
The other headline came a few days later. On Bloomberg’s David Rubenstein show, Zelnick was asked whether Take-Two would ever sell itself the way EA and Activision Blizzard did. His answer was a polite no.
“We are not in a place where we need to be part of a bigger organization to be competitive,” he said, adding that “additional scale doesn’t seem to help you succeed.” He also said Take-Two should be “a net cash company again” by the end of this fiscal year. Translation: GTA 6 is about to pay a lot of bills.
Still no PC version
One detail worth checking for PC players: the release lists GTA 6 on PS5 and Xbox Series X|S only, with a November 19, 2026 date. There’s still no PC version announced. Any “early 2027” PC date you see online is a rumor.
Our take
None of this changes what you need to do this week, but it does confirm the obvious: launch night is going to be busy. Servers, stores and download queues will all be under pressure, so get the preload done early. Our GTA 6 launch week guide has the unlock times, editions and the 212 GB download size. Five days to go.
