Take-Two Raises Full-Year Guidance as GTA VI Preorders Top Expectations

Following its second-quarter fiscal results, Take-Two Interactive has raised its financial outlook for the full fiscal year. CEO Strauss Zelnick noted that preorders for the upcoming Grand Theft Auto VI are trending significantly above company expectations, describing the current demand as "uncharted territory." While the company's second-quarter bookings fell slightly short of Wall Street estimates, the upward revision to full-year guidance reflects management's confidence in the upcoming major release. The company continues to prepare for the launch of the title, which remains a central focus for its near-term performance.