Take-Two Interactive set for in-line quarter as investor focus remains on GTA VI

Take-Two Interactive Software Inc (NASDAQ:TTWO) is expected to deliver a largely in-line fiscal first quarter performance, with investor attention likely to remain focused on management commentary around the highly anticipated release of Grand Theft Auto VI, according to Jefferies analysts.

Jefferies wrote that Wall Street expectations for the quarter remain muted, with bookings forecast to decline about 4% year over year, largely reflecting weakness in the company’s mobile business as several key titles slow.

The analysts noted that the stock’s reaction is likely to depend more on updates around GTA VI than on the quarter itself, with potential discussion points including pre-orders and the timing of GTA VI Online.

The analysts expect limited new information on GTA VI during the earnings call, writing that disclosure of pre-order figures is unlikely and that Take-Two is unlikely to adjust its fiscal 2027 outlook.

The analysts highlighted that mobile trends weakened during the quarter, based on Sensor Tower in-app purchase data, including softness across the company’s three largest mobile titles.

Jefferies wrote that the company’s first-quarter mobile revenue guidance already reflects much of this pressure, with Street expectations calling for a mid-single-digit percentage decline year over year.

The analysts added that mobile advertising trends and shifts toward web-based payments are unlikely to provide a meaningful offset, and said they would look for commentary on whether the slowdown reflects reduced marketing investment or broader demand issues.

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