Take-Two levels up on higher outlook as GTA VI anticipation builds

Take-Two Interactive Software TTWO.O shares up 4.6% premarket

Videogame publisher raises FY2026 net bookings forecast to $6.65 bln–$6.7 bln, from $6.4 bln–$6.5 bln, citing strong demand for premium sports, action and mobile titles

Q3 net bookings, recurrent spending, margins all beat LSEG estimates

Reaffirms "Grand Theft Auto VI" launch in November, one of industry's most anticipated titles

J.P. Morgan notes TTWO shares historically see multiple expansion into major launches, citing Red Dead Redemption 2 cycle, while flagging AI disruption as a longer-term risk

Co executives downplay generative AI threats, saying Google's world-building AI is early-stage and does not replace full game engines or creative process

YTD, stock is down 17%