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Take-Two Interactive — Fiscal Second Quarter 2027 Earnings Summary

  • Total Net Bookings fell 18% year-over-year to $1.60 billion and GAAP net revenue declined to $1.50 billion from $1.77 billion, though GAAP net loss narrowed to $54.0 million ($0.29/share) from $133.9 million in the prior year period.
  • The company reiterated full fiscal 2027 guidance for Net Bookings ($8.0–$8.2 billion), GAAP net revenue ($7.98–$8.18 billion), and Non-GAAP EBITDA ($1.024–$1.082 billion), while issuing initial Q3 2027 guidance projecting net income of $250–$276 million ($1.30–$1.44/share).
  • Grand Theft Auto VI is scheduled for release on November 19, 2026, on PS5 and Xbox Series X|S, with management citing unprecedented pre-order levels and confidence in unlocking long-term shareholder value through new hits and accretive M&A.
  • Mobile revenue represented 49% of net revenue and 45% of Net Bookings for the quarter, while cash and cash equivalents decreased to $1.15 billion from $1.55 billion at the start of the fiscal year, with total debt remaining stable at $2.52 billion.
Company
TAKE TWO INTERACTIVE SOFTWARE INC
Sector
Communication Services
Industry
Electronic Gaming & Multimedia