Take-Two Guides to $8 Billion+ as GTA 6 Anchors Fiscal 2027

Take-Two Interactive reported its fiscal fourth-quarter and full-year results on May 21, 2026, and the headline was the guidance built around Grand Theft Auto VI. The company reported fiscal-2026 net bookings of $6.72 billion, up 19% - roughly $750 million above its initial guidance - and set fiscal-2027 net bookings guidance of $8.0 to $8.2 billion, about 20% growth, with operating cash flow projected above $1.0 billion.

The corporate figures are drawn from Take-Two's earnings materials as reported by outlets including GamesHub and TIKR; treat exact line items as reported unless read directly from the filing. The gap between the two years is the story: fiscal 2026 closed without GTA VI on shelves, while the fiscal-2027 target assumes the launch lands inside the window. In other words, the roughly $1.4 billion of guided growth is almost entirely the game.

CEO Strauss Zelnick used the call to reaffirm the November 19, 2026 launch, framing fiscal 2027 as setting "new record levels of operating performance" driven by the game. The reaffirmation was notable because it came after a period of press speculation about a further slip; the company held firm on the date. The financial guidance above is the corporate backbone of that commitment - the $8 billion-plus target only makes sense with a GTA VI release inside the fiscal year.

The results moved the stock and drew fresh price targets. Bank of America raised its Take-Two target to $368, citing stronger projected GTA Online and GTA VI online spending through 2026, per coverage aggregated by TIKR. Zelnick separately argued that GTA VI could "lift the entire gaming industry" - a claim reported by Yahoo Finance and widely picked up. That framing is the CEO's own; the market's willingness to price in a record year rests on the launch landing on schedule.

Zelnick told investors that marketing would "begin this summer," teasing that investors would be "pretty astonished" by it. That guidance was borne out weeks later: the cover-art reveal and the opening of the summer campaign preceded pre-orders opening on June 25. For the broader marketing ramp and the wait for Trailer 3, see the summer marketing coverage.

One detail worth flagging for evidence discipline: the release date, the fiscal-year framing and the "marketing this summer" line are all statements from an official Take-Two channel, so they sit at confirmed tier. The analyst price targets and the "lift the industry" characterisation are reported commentary around those numbers, not company guidance, and should be read as such.