Take-Two Interactive (TTWO) stock jumped in extended trading as anticipation for next week’s launch of “Grand Theft Auto VI” overshadowed mixed second quarter results.
“Pre-orders for Grand Theft Auto 6 are tracking far in excess of our initial expectations. And we know that the numbers will speak for themselves soon enough,” CEO Strauss Zelnick said on the earnings call.
Zelnick also noted that as preorders for GTA VI reach “unprecedented levels, we expect to deliver an historic year for our company.”
In the fiscal second quarter, Take-Two posted a loss of $0.29 per share on revenue of $1.5 billion. Wall Street analysts were looking for an $0.86 loss per share on $1.65 billion in revenue, according to S&P Global Market Intelligence.
The company reiterated its full-year outlook for net bookings of $8 billion to $8.2 billion. Revenue is expected at $7.98 billion to $8.18 billion.
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