Take-Two Interactive Reports Results for Fiscal First Quarter 2027

Take-Two Interactive reported financial results for the first quarter of fiscal year 2027, ending June 30, 2026. The company achieved net bookings of $1.39 billion, a 3% decrease from the $1.42 billion reported in the same period of the previous year, though this figure slightly exceeded internal guidance. GAAP net revenue reached $1.53 billion, compared to $1.50 billion in the prior year. The company recorded a GAAP net loss of $34.1 million, or $0.18 per share, which included a $43.4 million impairment charge resulting from the cancellation of an unannounced third-party development project.

Recurrent consumer spending remains a critical driver of the business, accounting for 84% of both total net bookings and GAAP net revenue. Key contributors to these results included the NBA 2K and Grand Theft Auto series, alongside titles such as Toon Blast, Match Factory!, Empires & Puzzles, and the Red Dead Redemption series. Geographically, the United States accounted for 60% of net revenue, while international markets contributed 40%. By platform, mobile games represented 50% of net revenue, followed by console at 42% and PC at 8%.

Looking ahead, the company reiterated its fiscal year 2027 net bookings outlook of $8.0 billion to $8.2 billion. Management emphasized that this forecast is supported by a disciplined portfolio strategy and anticipation surrounding the November 19, 2026, launch of Grand Theft Auto VI. The company’s forward-looking assumptions depend on stable macroeconomic conditions, the successful execution of its new game pipeline, and continued growth in the installed base of current-generation consoles. The company maintains a focus on long-term growth and the generation of strong cash flows to deliver shareholder returns.