FinancialTake-Two Interactive
Take-Two Interactive Software, Inc. Reports Results for Fiscal Second Quarter 2026
1 Nov 202514 pages~28 min full read
Take-Two Interactive scheduled the release of Grand Theft Auto VI for November 19, 2026, anchoring the company's expectation for record Net Bookings in fiscal year 2027.
See it on page 1Net Bookings for the second quarter of fiscal 2026 rose 33% year-over-year to $1.96 billion, driven by NBA 2K, Borderlands 4, and a strong mobile portfolio.
See it on page 2The company significantly narrowed its net loss to $133.9 million for the quarter, down from $365.5 million in the same period last year.
See it on page 7Management raised fiscal year 2026 Net Bookings guidance to a range of $6.4 billion to $6.5 billion, with projected EBITDA between $579 million and $637 million.
See it on page 1Digital online channels generated 95% of total revenue, while console platforms reclaimed the lead in the mix, accounting for 46% of total bookings.
See it on page 11The company achieved positive EBITDA of $342.1 million for the first half of the fiscal year and increased its cash and equivalents to $1.96 billion.
See it on page 9Take-Two Interactive demonstrated significant financial momentum during the second quarter of fiscal 2026, characterized by a 33% year-over-year increase in Net Bookings to $1.96 billion. This growth was primarily fueled by the performance of the NBA 2K franchise, Borderlands 4, and a robust mobile portfolio. Total net revenue for the quarter rose to $1.77 billion, contributing to a six-month revenue total of $3.28 billion. While the company continues to operate at a net loss, the second-quarter loss of $133.9 million represents a substantial narrowing from the $365.5 million loss recorded in the prior year, signaling a clear path toward improved profitability.
The company’s operational efficiency is further evidenced by a shift to positive EBITDA, which reached $342.1 million for the first half of the fiscal year. Digital online channels remain the cornerstone of the business model, accounting for 95% of total revenue. Although mobile gaming remains a significant contributor, console bookings have reclaimed the lead in platform mix, representing 46% of total bookings. Liquidity remains strong, with cash and equivalents increasing to $1.96 billion, providing a stable foundation for upcoming large-scale releases and ongoing development cycles.
Looking forward, the strategic roadmap is anchored by the official scheduling of Grand Theft Auto VI for November 19, 2026. This milestone supports an optimistic long-term outlook, with expectations for record Net Bookings in fiscal year 2027. For the remainder of fiscal year 2026, the Net Bookings guidance has been raised to a range of $6.4 billion to $6.5 billion. Management expects to end the fiscal year with an EBITDA between $579 million and $637 million, reflecting a disciplined approach to narrowing GAAP net losses while scaling for unprecedented future growth.
