Take-Two Interactive Software's stock soared 5.10% in pre-market trading on Wednesday, following the release of its quarterly financial results and an upward revision to its annual forecast.

The video game publisher reported fiscal third-quarter results that exceeded analyst expectations, with net bookings, recurrent spending, and margins all beating estimates. The company significantly raised its full-year net bookings forecast for FY2026 to a range of $6.65 billion to $6.7 billion, citing strong demand for its premium sports, action, and mobile titles.

Investor sentiment was further bolstered by the firm's reaffirmation that the highly anticipated "Grand Theft Auto VI" remains on track for its scheduled launch in November. Company executives also addressed market concerns regarding generative AI, characterizing it as an early-stage opportunity rather than an immediate threat to the creative game development process. The positive earnings and outlook prompted Wells Fargo to raise its price target on the stock.