Take-Two Pins Multi-Billion Outlook on Impending Blockbuster
Dow Jones08-07 20:22
Take-Two reiterated its fiscal 2027 net bookings outlook of $8.0 billion to $8.2 billion, a target tied heavily to the Nov. 19 launch of Grand Theft Auto VI. The company expects second-quarter net bookings of $1.62 billion to $1.67 billion, a significant step-up from first quarter's $1.39 billion. Chairman and CEO Strauss Zelnick said the company expects to sustain this new level of scale and generate strong cash flows following the release. Take-Two projects operating cash flow above $1 billion for the full year.
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