Take-Two sees up to $3.5 billion in bookings for the GTA 6 quarter

Take-Two's outlook for the quarter ending December 31 is $3.35 billion to $3.5 billion in net bookings. That quarter includes the November 19 launch of Grand Theft Auto VI. The release does not split that quarter by game. The company also reiterates a full-year net bookings range of $8.0 billion to $8.2 billion.

CEO Strauss Zelnick said pre-orders are still reaching unprecedented levels. He said the launch is ten days away and that Take-Two expects an historic year. The release lists Grand Theft Auto VI for PlayStation 5 and Xbox Series X|S on November 19. It does not give a pre-order dollar total, a copy count, or a first-week forecast.

The quarter that just ended was smaller than a year ago. Take-Two says fiscal second-quarter net bookings were $1.60 billion, down 18 percent from $1.96 billion. Recurrent spending fell 9 percent and was 81 percent of net bookings. GAAP net revenue was $1.50 billion, compared with $1.77 billion. The GAAP net loss was $54.0 million, or $0.29 a share, compared with a loss of $133.9 million, or $0.73 a share, a year earlier. The quarter ended September 30. The report is dated November 9.

The largest contributors were existing games, not the unreleased one. Take-Two names NBA 2K, the Grand Theft Auto series, Toon Blast, Match Factory, and Empires and Puzzles among the biggest sources of second-quarter net bookings. For the December quarter, the company also guides GAAP net revenue to $3.27 billion to $3.42 billion, and net income to $250 million to $276 million. Those ranges are for the whole company. They are not a Grand Theft Auto VI sales figure.