Financial

Take-Two Interactive Software, Inc. Reports Results for Fiscal Third Quarter 2026

1 February 202614 pages5,522 words

Summary

Take-Two Interactive demonstrated significant financial momentum during the third quarter of fiscal year 2026, ending December 31, 2025. Net Bookings reached $1.76 billion, representing a 28% year-over-year increase fueled by the performance of NBA 2K26 and sustained recurrent consumer spending. This growth trajectory led to an upward revision of the full-year Net Bookings outlook to a range of $6.65 billion to $6.7 billion. While the company reported a quarterly net loss of $92.9 million, this figure reflects a narrowing deficit compared to the previous year, supported by a substantial rise in EBITDA from $38.2 million to $516.9 million over the first nine months of the fiscal year. The company’s revenue structure is increasingly defined by digital dominance and mobile integration. Digital online channels now account for 97% of total revenue, with the mobile platform serving as the largest contributor at 51% of the business. Geographically, the United States remains the primary market, generating 60% of total bookings. Liquidity remains a core strength, as cash and equivalents rose to $2.25 billion, providing a stable foundation for upcoming large-scale releases and operational scaling. Future profitability is anchored by the confirmed November 19, 2026, launch of Grand Theft Auto VI. This release is positioned as the primary catalyst for record-breaking Net Bookings and enhanced margins in fiscal year 2027. Although the company anticipates a full-year net loss between $338 million and $369 million for fiscal 2026, the underlying trend shows a significant reduction in losses and a robust increase in operating cash flow, signaling a transition toward a period of unprecedented scale and financial performance.

Pages

View all

Citation

Generating citation...

Similar Documents

Financial

Take-Two Interactive Software, Inc. Reports Results for Fiscal Second Quarter 2026

Take-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.

investment market-forecast global

Take-Two InteractiveNov 2025

Financial

Third Quarter Fiscal 2026 Results & Guidance Summary

Take-Two Interactive’s Q3 Fiscal 2026 earnings presentation details a period of significant financial outperformance and an upward revision of its full-year outlook. For the third quarter ending December 31, 2025, the company reported Net Bookings of $1.757 billion, substantially exceeding its guidance range of $1.55 billion to $1.60 billion. This growth was primarily driven by a 23% increase in Recurrent Consumer Spending, fueled by the robust performance of NBA 2K, the Grand Theft Auto series, and key mobile titles such as Toon Blast and Empires & Puzzles. While the company reported a GAAP net loss of $93 million, this figure was at the favorable end of its guidance. Based on this momentum, management raised its Fiscal Year 2026 Net Bookings guidance to a range of $6.65 billion to $6.70 billion, representing 18% year-over-year growth at the midpoint. The company also increased its operating cash flow projections to approximately $450 million. These revised estimates reflect higher expectations for key titles in the fourth quarter, including a projected 37% annual growth for NBA 2K. The company maintains a strong liquidity position, supported by a transition in cash flow reporting as previously restricted cash became available for general use. The strategic outlook is centered on a massive multi-year release pipeline spanning Fiscal 2026 through 2028. High-profile upcoming launches include Civilization VII, WWE 2K26, and the highly anticipated Grand Theft Auto VI, which is officially scheduled for release on November 19, 2026. Management anticipates that these releases will drive record levels of Net Bookings in Fiscal 2027, establishing a higher financial baseline and long-term profitability. The scope of the report covers global operations across console, PC, and mobile segments, utilizing GAAP metrics alongside non-GAAP measures like EBITDA to evaluate operational health.

investment market-analysis global

Take-Two InteractiveFeb 2026

Financial

Second Quarter Fiscal 2026 Results & Guidance Summary

Take-Two Interactive’s second-quarter fiscal 2026 financial results demonstrate significant growth, with performance exceeding previous guidance across several key metrics. Net Bookings reached $1.961 billion, surpassing the forecasted range of $1.700 to $1.750 billion. This overperformance was primarily driven by the robust success of NBA 2K, Mafia: The Old Country, and various mobile titles, which collectively offset initial softness in the launch of Borderlands 4. Recurrent consumer spending (RCS) grew by 20% year-over-year, significantly outperforming the projected 1% growth, fueled by a 45% increase in NBA 2K and mid-teens growth in the mobile segment. Despite a GAAP net loss of $134 million for the quarter, the company has raised its full-year fiscal 2026 outlook. Management now expects annual Net Bookings to fall between $6.4 and $6.5 billion, representing 14% growth at the midpoint. The revised guidance also anticipates 11% growth in RCS and approximately $250 million in operating cash flow. While operating expenses rose 13% due to increased user acquisition investments in mobile and performance-based compensation, the company maintains that it is achieving significant operating leverage on its top-line growth. The long-term strategy focuses on a robust development pipeline of 38 titles planned through fiscal 2028, categorized into immersive core, mobile, and new iterations of prior releases. Key upcoming milestones include the launch of Grand Theft Auto VI in November 2026 and several titles for the Switch 2 platform. Management expresses high confidence that this pipeline will lead to record levels of Net Bookings in fiscal 2027, establishing a new baseline for the business and a trajectory toward enhanced profitability. The geographic scope is international, covering global console, PC, and mobile gaming segments.

investment market-analysis global

Take-Two InteractiveNov 2025

Financial

Take-Two Interactive Q3 Fiscal Year 2026 Conference Call

Take-Two Interactive reported strong financial results for the third quarter of fiscal year 2026, ending December 31, 2025, significantly exceeding previous guidance. Net bookings reached $1.76 billion, driven by the outperformance of core franchises across the Rockstar Games, 2K, and Zynga labels. Recurrent consumer spending, a critical metric for the company’s long-term health, grew 23% year-over-year and accounted for 76% of total net bookings. Based on this momentum, management raised the full-year net bookings outlook to a range of $6.65 billion to $6.7 billion, representing 18% annual growth. The mobile segment served as a primary growth engine, with Toon Blast surpassing $3 billion in lifetime bookings and the direct-to-consumer business reaching record levels. Console and PC performance was bolstered by NBA 2K26, which saw a 30% increase in recurrent spending and daily active users, and the enduring popularity of Grand Theft Auto V, which has now sold over 225 million units. The company also highlighted the successful expansion of Red Dead Redemption to new platforms, including the Nintendo Switch 2 and mobile devices via Netflix. Looking ahead, the company confirmed a November 19, 2026, release date for Grand Theft Auto VI, with marketing scheduled to begin in the summer of 2025. This launch is expected to drive record net bookings in fiscal year 2027 and establish a higher financial baseline for the organization. Management also emphasized ongoing investments in artificial intelligence to improve development efficiencies and a robust multi-year pipeline that will be detailed in the next quarterly report. Operating cash flow expectations were nearly doubled to $450 million, reflecting increased confidence in the company's profitability and balance sheet strength.

market-analysis investment global

Take‑Two InteractiveFeb 2026

Financial

Take-Two Interactive Q2 Fiscal Year 2026 Conference Call

Take-Two Interactive reported record-breaking financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company achieved net bookings of $1.96 billion, significantly exceeding its guidance of $1.7 to $1.75 billion. This performance was driven by the successful launch of NBA 2K26, which saw a 45% increase in recurrent consumer spending, and substantial overperformance in the mobile sector led by titles such as Toon Blast and Match Factory. While Borderlands 4 faced some initial technical challenges on PC, other major releases like Mafia: The Old Country exceeded internal expectations. Based on this momentum, management raised its full-year fiscal 2026 net bookings outlook to a range of $6.4 to $6.5 billion, representing 14% year-over-year growth. Recurrent consumer spending is now projected to grow by 11%, more than double previous forecasts. The company also provided a significant update on its product pipeline, officially scheduling the release of Grand Theft Auto VI for November 19, 2026. This shift is intended to allow for maximum polish, with the company anticipating that the title will help drive record net bookings in fiscal year 2027. The report covers Take-Two’s global operations across its primary labels: Rockstar Games, 2K, and Zynga. Financial data is presented on a GAAP basis with year-over-year comparisons. Key strategic focuses highlighted include the expansion of direct-to-consumer mobile platforms to improve margins and continued investment in live services. Despite a 13% increase in management-basis operating expenses due to higher marketing and performance-based compensation, the company maintains a positive outlook on long-term profitability and shareholder returns as it prepares for a series of major franchise launches.

investment market-analysis market-forecast+1

Take‑Two InteractiveNov 2025

Presentation

Q3 for the Fiscal Year Ending March 2026 Results Presentation

Sega Sammy’s performance through the third quarter of the fiscal year ending March 2026 is characterized by a significant divergence between robust domestic gaming machine operations and substantial financial setbacks in the global consumer and mobile segments. While the Pachislot and Pachinko division exceeded expectations—driven by high-volume unit sales of titles like Smart Pachislot Tokyo Revengers—the broader group faces a projected net loss of 13.0 billion yen for the fiscal year. This downturn is primarily the result of 46.3 billion yen in extraordinary impairment losses related to the acquisitions of Rovio and Stakelogic, the latter of which was impacted by regulatory shifts in the Netherlands. The Entertainment Contents Business struggled with underperforming new full game launches and a deteriorating user acquisition environment for mobile titles, most notably Sonic Rumble. Consequently, management has pivoted from aggressive expansion to a period of consolidation, suspending large-scale M&A activities in favor of a 20.0 billion yen share buyback program. To restore profitability within the mobile sector, the strategy now emphasizes a "regrowth phase" for Rovio, leveraging AI-driven marketing efficiencies and a transmedia approach that includes major theatrical releases for the Angry Birds and Sonic franchises scheduled through 2027. Despite current headwinds, the medium-term outlook relies on a robust multi-platform pipeline and the expansion of the Gaming Business, which includes record-high performance at Paradise SegaSammy fueled by Japanese VIP demand. Upcoming releases for the Nintendo Switch 2 and the continued rollout of high-profile intellectual properties like Yakuza and Persona are intended to stabilize the consumer area. Geographically, the company remains focused on global markets while maintaining strict compliance with international gaming regulations in jurisdictions such as Nevada, which govern both corporate operations and shareholder requirements.

market-analysis game-publishing japan

Sega Sammy HoldingsFeb 2026

Take-Two Interactive Software, Inc. Reports Results for Fiscal Third Quarter 2026

Summary

Tags

Pages

Citation

Citation

Similar Documents

Take-Two Interactive Software, Inc. Reports Results for Fiscal Second Quarter 2026

Third Quarter Fiscal 2026 Results & Guidance Summary

Second Quarter Fiscal 2026 Results & Guidance Summary

Take-Two Interactive Q3 Fiscal Year 2026 Conference Call

Take-Two Interactive Q2 Fiscal Year 2026 Conference Call

Q3 for the Fiscal Year Ending March 2026 Results Presentation