Take-Two Interactive Software Inc. (TTWO) closed Friday's session at $195.59, advancing 1.22% as trading volume reached approximately 3.1 million shares. The stock moved between $189.45 and $198.07 during the day.
The video game publisher reaffirmed the highly anticipated launch of Grand Theft Auto VI for November 19, 2026. Concurrently, management increased its net bookings outlook for fiscal 2026 to a range of $6.65 billion to $6.7 billion. This follows a third-quarter performance where net bookings grew 28% year-over-year to $1.76 billion, though the company reported a GAAP net loss of $92.9 million.
Recurrent consumer spending, including virtual currency and add-on content, represented 76% of the latest quarter's net bookings. The company is navigating a busy release schedule ahead of its major 2026 titles, with investor focus sharpening on marketing and development expenditures for the upcoming lineup.
Take-Two's next earnings report is scheduled for May 14, providing a key checkpoint for progress toward its updated targets. The broader market rallied sharply on Friday, with the Dow Jones Industrial Average closing above the 50,000 level for the first time.