Take-Two Q1 revenue beats on videogame franchise performance

Take-Two Interactive Software

07/08/2026 12:42

Overview
US video game publisher's preliminary fiscal Q1 revenue rose, beating analyst expectations
Fiscal Q1 net bookings fell 3% yr/yr to $1.39 bln
Company posted net loss of $34.1 mln, including $43.4 mln impairment charge

Outlook
Take-Two sees fiscal 2027 Net Bookings at $8.0 bln to $8.2 bln
Company expects Q2 Net Bookings of $1.62 bln to $1.67 bln
Take-Two says outlook assumes timely release of titles and stable economic conditions

Result Drivers
FRANCHISE PERFORMANCE - NBA 2K, Grand Theft Auto series, and key mobile and puzzle titles were the largest contributors to revenue and bookings
RECURRING SPENDING - Recurrent consumer spending accounted for 84% of total net bookings, reflecting ongoing engagement with existing titles
IMPAIRMENT CHARGE - Net loss included a $43.4 mln impairment charge tied to the cancellation of an unannounced third-party title

Company press release: ID:nBw65b0XXa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.53 bln
$1.41 bln (19 Analysts)
Q1 Loss Per Share
 
$0.18
 
Q1 Net Loss
 
$34.10 mln
 
Q1 Net Bookings
 
$1.39 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 30 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Take-Two Interactive Software, Inc. is $285.00, about 22.6% above its August 6 closing price of $232.47
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 27 three months ago

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Aug 6 - Israel's Playtika Q2 revenue beats on Disney Solitaire growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)