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Take-Two Interactive Software, Inc. Reports Results for Fiscal Second Quarter 2027

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  • Take-Two Interactive reported Fiscal 2027 Q2 Net Bookings of $1.60 billion, a decrease of 18% compared to the prior year.
  • GAAP net revenue for the quarter was $1.50 billion, down from $1.77 billion in the same period last year.
  • The company reported a GAAP net loss of $54.0 million ($0.29 per share) compared to a loss of $133.9 million ($0.73 per share) previously.
  • Recurrent consumer spending decreased 9% to account for 81% of total Net Bookings and 81% of total GAAP net revenue.
  • Top contributors to Net Bookings included NBA 2K, the Grand Theft Auto series, Zynga titles (Toon Blast, Empires & Puzzles, Words With Friends, Zynga Poker), and the Borderlands franchise.
  • CEO Strauss Zelnick announced that Grand Theft Auto VI launches in ten days with unprecedented pre-order levels, driving an expected historic year.
  • Take-Two reiterated its full-year Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion.
  • Updated Fiscal 2027 GAAP Net Revenue outlook is $7.98 to $8.18 billion with projected Net Income of $109 to $142 million.
  • Initial Fiscal Q3 (ending December 31, 2026) Net Bookings outlook is $3.35 to $3.50 billion.
  • Fiscal Q3 2026 GAAP Net Revenue is projected between $3.27 billion and $3.42 billion with Net Income of $250 to $276 million.
  • Grand Theft Auto VI is scheduled for release on November 19, 2026, for PS5 and Xbox Series X|S.
  • Other upcoming titles include Top Goal, CSR 3, PGA TOUR 2K27, WWE 2K27, Project ETHOS, BioShock next iteration, and Judas, with release dates to be announced.
  • Key assumptions for the outlook include continued economic stability, timely game deliveries, growth in PS5 and Xbox Series X|S installed bases, and stable foreign exchange rates.
  • The company holds $1,149.4 million in cash and cash equivalents as of September 30, 2026.
  • Non-GAAP EBITDA for the quarter was $92.2 million, derived by adjusting GAAP net loss for interest, taxes, depreciation, and amortization.