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What Take-Two Has Told Investors About GTA VI

Every Take-Two filing that framed GTA VI for investors since May 2025: the CEO's words, the guidance figures, and what each one committed to.

By GTA VI Forum Desk - Published Oct 11, 2026 - 10 min read

Last checked: Oct 11 2026. Every quote below comes from a Take-Two filing we opened on sec.gov, unless it is marked as press.

Rockstar talks to players on the Newswire. Its parent company, Take-Two Interactive, talks to shareholders, and a company is responsible for what it files with the SEC. That makes the filings the most carefully worded record of the game there is.

This page reads them as a set. Our delay timeline already tracks every date Take-Two printed. This page tracks something else: how Take-Two has tied GTA VI to money, and how its wording about the game has changed since the last delay. The short version: since May 2025, Take-Two has told investors one thing over and over. Fiscal 2027 will be a record year, and GTA VI is the reason.

At a glance

ItemWhat Take-Two has saidFiling
Launch dateNov 19 2026Every release since Nov 6 2025; 10-K, May 22 2026; 10-Q, Aug 7 2026
Platforms in its lineup tablePS5, Xbox Series X|SEvery release since May 15 2025
Fiscal year of launchFiscal 2027 (Apr 1 2026 to Mar 31 2027)May 2 2025 release; restated May 15 2025, Nov 6 2025, May 21 2026; 10-K says "during our fiscal year 2027"; 10-Q says "during the current fiscal year"
FY27 Net Bookings outlook$8.0 to $8.2 billionMay 21 2026, reiterated Aug 7 2026
FY26 Net Bookings, actual$6.72 billionMay 21 2026
GTA series units sold-in, all gamesOver 470 million10-Q, Aug 7 2026
GTA VI salesNone. The game is not outn/a
Next scheduled reportQ2 FY27. No date posted as of Oct 11 2026Take-Two IR page

What is counted, and how

We opened every Take-Two earnings release from May 2025 to Aug 2026, the fiscal 2026 10-K and the June quarter 10-Q on sec.gov, and searched each for "Grand Theft Auto VI". Earlier filings, from the Dec 2023 reveal through the Feb 2025 release, are covered row by row on the delay timeline, so we do not repeat them here.

Three kinds of statement appear:

  • CEO quotes. Each earnings release opens with a paragraph attributed to Strauss Zelnick, Take-Two's chairman and CEO.
  • The lineup table. Each release ends with a table of upcoming games, platforms and dates.
  • Business sections of the 10-K and 10-Q. These describe Rockstar and the GTA series.

Things said on earnings calls, in interviews or at the annual meeting are not in the filings. We include three such statements below and mark them PRESS, because we took them from outlets and not from a transcript we read. The Sep 22 2026 8-K that reports the annual meeting contains vote results and a charter amendment, nothing about GTA VI. The most recent filing, an 8-K of Sep 30 2026, reports a new long-term Xbox publisher license agreement with Microsoft. It does not name any game, so we list it only to show we read it.

"Net Bookings" is Take-Two's main sales measure. It counts the value of games and in-game content sold in a period, before accounting rules spread some revenue over later quarters. It is not the same as GAAP revenue.

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Every statement since the last delay

DateVenueWhat was said about GTA VIGuidance in forceTier
May 2 2025Press release (8-K)GTA VI, "expected to launch in Fall of 2025," is now planned for May 26 2026, "during the Company's Fiscal Year 2027." Zelnick: "We support fully Rockstar Games taking additional time"Record Net Bookings expected in FY26 and FY27T2
May 15 2025Q4 FY25 release"including Grand Theft Auto VI in Fiscal 2027, we expect to achieve record levels of Net Bookings"FY26: $5.9 to $6.0B (initial)T2
Aug 7 2025Q1 FY26 releaseNo GTA VI sentence. Zelnick cites "the most ambitious pipeline in our company's history." Table: May 26 2026FY26: $6.05 to $6.15BT2
Nov 6 2025Q2 FY26 releaseHeadline: "Grand Theft Auto VI now launching November 19, 2026." Zelnick: Rockstar will "deliver an unrivalled blockbuster entertainment experience"FY26: $6.4 to $6.5BT2
Feb 3 2026Q3 FY26 release"the highly anticipated launch of Grand Theft Auto VI on November 19th"FY26: $6.65 to $6.7BT2
May 21 2026Q4 FY26 releaseFY27 "new record levels of operating performance driven by the November 19th launch"FY27: $8.0 to $8.2B (initial)T2
May 21 2026Earnings callZelnick, on a rumored slip: "we've been really clear that we're releasing the title on November 19"samePRESS (NME)
May 22 202610-K, FY26GTA VI "is planned for release on November 19, 2026"; the label "will share more details this summer"sameT2
May 2026Bloomberg interviewRockstar has historically gone to console first; Zelnick denied a Sony deal set the PC timingsamePRESS (God is a Geek, citing Bloomberg)
Aug 7 2026Q1 FY27 release"excitement around the November 19th launch of Grand Theft Auto VI"; FY27 outlook reiteratedFY27: $8.0 to $8.2BT2
Aug 7 202610-Q, Q1 FY27Rockstar "will release Grand Theft Auto VI on November 19, 2026"; pre-orders "commenced in June 2026"sameT2
Sep 17 2026Annual meetingDate restated; GTA V's online business to be supported; no recurrent spending expected from the initial GTA VI launchsamePRESS (GTABoom, TweakTown)

What the record shows

1. The fiscal year matters more to Take-Two than the date. The May 2 2025 release did not just move the game. It moved it into a different fiscal year, and it said so in the first paragraph. The CEO quotes of May 2025, Nov 2025, Feb 2026 and May 2026 all name fiscal 2027 as the record year. The Nov 6 2025 delay, from May 26 to Nov 19 2026, kept the game inside fiscal 2027, which ends Mar 31 2027. That is why the Nov 2025 release could move the date and keep the same promise of "record levels of Net Bookings in Fiscal 2027."

2. "Plans to" became "will." The fiscal 2026 10-K, filed May 22 2026, says GTA VI "is planned for release" on Nov 19, and in its product section that "Rockstar plans to release" it. The 10-Q filed Aug 7 2026 changes both to "will release." Filings are drafted carefully, and this is the firmest wording Take-Two has used in a legal filing about the date. It is still a forward-looking statement, which the same filings warn may not come true.

3. The guidance figure has not moved. Take-Two set its fiscal 2027 Net Bookings outlook at $8.0 to $8.2 billion on May 21 2026 and repeated it word for word on Aug 7 2026. It did adjust smaller lines. Its EBITDA outlook went from $1,013 to $1,070 million in May to $993 to $1,053 million in August. The headline number stayed.

4. No GTA VI sales figure exists, and none should be expected before launch. The filings give unit counts for the series and for GTA V, not pre-order numbers for VI.

The guidance, in numbers

All figures are Take-Two's. The subtraction is ours.

ItemAmountSource
FY26 Net Bookings, actual$6.72BMay 21 2026 release
Of which Q1 / Q2 / Q3 / Q4 FY26$1.42B / $1.96B / $1.76B / $1.58BAug 7 2025, Nov 6 2025, Feb 3 2026, May 21 2026 releases
FY27 outlook$8.0B to $8.2BMay 21 and Aug 7 2026 releases
FY27 Q1, actual (Apr to Jun 2026)$1.39BAug 7 2026 release
FY27 Q2 guidance (Jul to Sep 2026)$1.62B to $1.67BAug 7 2026 release
Left for Q3 and Q4 FY27 (Oct 2026 to Mar 2027)$4.94B to $5.19B (the widest range the two published numbers allow; Take-Two has not guided the second half separately)our arithmetic
Same half of FY26, actual$3.34Bour arithmetic

The arithmetic, step by step:

  • FY26 quarters: 1.42 + 1.96 + 1.76 + 1.58 = 6.72, which matches the full-year figure Take-Two reported.
  • Low end of what is left for the second half of FY27: 8.0 - 1.39 - 1.67 = 4.94.
  • High end: 8.2 - 1.39 - 1.62 = 5.19.
  • Second half of FY26: 1.76 + 1.58 = 3.34.
  • FY27 outlook against FY26 actual: 8.0 / 6.72 = 1.19 and 8.2 / 6.72 = 1.22, so growth of about 19 to 22 percent.

What this shows: Take-Two's outlook puts roughly $1.6 to $1.85 billion more in Net Bookings into Oct 2026 to Mar 2027 than it booked in the same months a year earlier. GTA VI launches in that window, on Nov 19. Take-Two does not split its outlook by game, so this is not a GTA VI sales forecast. It is the size of the gap the company expects that half-year to fill.

Units: the series before GTA VI

Measure10-K, May 22 202610-Q, Aug 7 2026
GTA series, units sold-inOver 465 millionOver 470 million
GTA V, units sold-inOver 225 millionOver 230 million
GTA products, share of net revenue12.4% of FY2612.8% of the Apr to Jun 2026 quarter
Red Dead Redemption 2, units sold-inMore than 80 millionMore than 85 million

"Sold-in" counts copies sold to stores and through digital storefronts, not copies bought by players.

What is not confirmed

  • The Q2 FY27 report date. As of Oct 11 2026, Take-Two's investor relations page lists no upcoming event. Its last listed events are the Aug 7 call and the Sep 17 annual meeting. For comparison only: a year ago, Take-Two reported Q2 FY26 on Nov 6 2025. Until Take-Two IR posts a date, any date you read for the next report is a guess. Whenever it comes, it will probably be the last earnings release before launch (a prediction, not a fact).
  • A GTA VI sales forecast. Take-Two has never published one. Analyst numbers are not Take-Two's.
  • Online plans. No filing describes a GTA VI online mode. See GTA Online for the mode that does exist.

Trivia

  • The May 2 2025 release ran under a headline about Net Bookings. The delay was the second line.
  • Take-Two's outlook lists as a key assumption "continued growth in the installed base of PlayStation 5 and Xbox Series X|S," the two platforms GTA VI is announced for.
  • The 10-K's promise that Rockstar "will share more details this summer" was followed by the Aug 27 2026 Extended Look. See GTA VI trailers.
  • See also our GTA VI overview and confirmed vs rumor pages.

Sources

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