Jun 2026 (Q1 FY27) — Aug 7, 2026
Take-Two Interactive Software Q1 FY27 — Strong Start Driven by NBA 2K and Grand Theft Auto Series, Reaffirming FY27 Outlook
Read the full callTake Two Interactive Software (TTWO) earnings
- Jun 2026
- Jun 2026 (Q1 FY27)
- Mar 2026
Take Two Interactive Software earnings: last reported Fri, 7 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,534 | +2.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -2.3 | −3.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -34.1 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
55 of 61 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q1 FY27 GAAP net revenue | $1.45 billion to $1.5 billion | Mar 2026 | GAAP net revenue increased 2% to $1.5 billion. | Achieved |
| Full-year capital expenditures | approximately $200 million | Mar 2026 | We now plan to deploy approximately $290 million of capital expenditures, which is up from our prior forecast due to a planned real estate purchase. | Revised Down |
| Full-year GAAP net revenue | $7.9 billion to $8.1 billion | Mar 2026 | We continue to expect GAAP net revenue to range from $7.9 billion to $8.1 billion, while we now expect cost of revenue to range from $3.54 billion to $3.66 billion. | On Track |
6 of TAKE TWO INTERACTIVE SOFTWARE INC's 85 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 82 more targets are in the full ledger.
Claimed
- Q1 net bookings of $1.39 billion, slightly above the high end of guidance.
- NBA 2K26 sold over 12 million units, reflecting 9% growth compared to NBA 2K25, with recurrent consumer spending growing 7%.
- Grand Theft Auto V has sold over 230 million units worldwide, with recurrent consumer spending for the series growing 3%.
- Mobile titles Toon Blast, Words With Friends, and Top Eleven exceeded expectations with net bookings growth of 8%, 8%, and 15% respectively.
- Reiterating fiscal 2027 net bookings outlook of $8 billion to $8.2 billion, representing approximately 20% growth over fiscal 2026 at the midpoint.
Qualified
- Cost of revenue rose 17% to $651 million, including a $43 million impairment charge related to an unannounced title.
- Mobile net bookings are expected to be down in Q2 FY27, reflecting a tougher year-over-year comparison for Colorblock Jam and moderating trends for several mature titles.
- User acquisition costs in the mobile market can be pressured by competitors overspending, potentially making it less economic for Take-Two to spend.
Price
$204.92 −0.18% · −$0.36
Performance −21.6% 1Y
1Y: $261.35 on 17 Oct 2025 → $204.92. High $262.29 (20 Oct 2025), low $189.69 (27 Mar 2026).
- Previous close
- $205.28
- 52-week range
- $189.69 – $262.29
- One year
- −21.87%
Overview
- Symbol
- TTWO
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
55 of 61 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q1 FY27 GAAP net revenue | $1.45 billion to $1.5 billion | Mar 2026 | GAAP net revenue increased 2% to $1.5 billion. | Achieved |
| Full-year capital expenditures | approximately $200 million | Mar 2026 | We now plan to deploy approximately $290 million of capital expenditures, which is up from our prior forecast due to a planned real estate purchase. | Revised Down |
| Full-year GAAP net revenue | $7.9 billion to $8.1 billion | Mar 2026 | We continue to expect GAAP net revenue to range from $7.9 billion to $8.1 billion, while we now expect cost of revenue to range from $3.54 billion to $3.66 billion. | On Track |
Claimed
- Q1 net bookings of $1.39 billion, slightly above the high end of guidance.
- NBA 2K26 sold over 12 million units, reflecting 9% growth compared to NBA 2K25, with recurrent consumer spending growing 7%.
- Grand Theft Auto V has sold over 230 million units worldwide, with recurrent consumer spending for the series growing 3%.
- Mobile titles Toon Blast, Words With Friends, and Top Eleven exceeded expectations with net bookings growth of 8%, 8%, and 15% respectively.
- Reiterating fiscal 2027 net bookings outlook of $8 billion to $8.2 billion, representing approximately 20% growth over fiscal 2026 at the midpoint.
Qualified
- Cost of revenue rose 17% to $651 million, including a $43 million impairment charge related to an unannounced title.
- Mobile net bookings are expected to be down in Q2 FY27, reflecting a tougher year-over-year comparison for Colorblock Jam and moderating trends for several mature titles.
- User acquisition costs in the mobile market can be pressured by competitors overspending, potentially making it less economic for Take-Two to spend.
The full ledger
Open TAKE TWO INTERACTIVE SOFTWARE INC’s full ledger
A free account opens 5 company ledgers a month. All 85 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q4 FY26) — May 21, 2026
Take-Two Interactive Software Q4 FY26 — GTA VI Drives Record FY27 Outlook
Read the full callDec 2025 (Q3 FY26) — Feb 3, 2026
Take-Two Interactive Software, Inc. Q3 FY26 — Strong Mobile, NBA 2K, and GTA Performance Drives Raised Outlook
Read the full callEvery analysed call
Take Two Interactive Software earnings calls (TTWO)
Financials
What the filings say
Net profit, year on year: −187% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,353 | 1,360 | 1,583 | 1,504 | 1,774 | 1,699 | 1,680 | 1,534 |
| Operating profit | -297 | -132 | -3,777 | 22 | -98 | -39 | 11 | -35 |
| Operating margin | −22.0% | −9.7% | −238.7% | 1.4% | −5.5% | −2.3% | 0.7% | −2.3% |
| Other income | — | — | — | -35 | — | — | — | -14 |
| Interest | — | — | — | 39 | — | — | — | 30 |
| Profit before tax | -324 | -153 | -3,802 | -14 | -115 | -56 | -13 | -49 |
| Tax rate | −12.7% | 18.1% | 2.0% | 13.8% | −15.9% | −66.5% | −368.5% | 30.8% |
| Net profit | -365 | -125 | -3,726 | -12 | -134 | -93 | -59 | -34 |
| EPS ($ per share) | -2.08 | -0.71 | — | -0.07 | -0.73 | -0.50 | — | -0.18 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Reserves | 878 | 1,282 | 1,871 | 2,289 | 1,164 | -2,580 | -7,059 | -7,357 |
| Total liabilities | 2,202 | 2,410 | 2,696 | 2,737 | 6,820 | 6,549 | 7,043 | 5,872 |
| Fixed assets | 128 | 132 | 149 | 242 | 403 | 411 | 444 | 445 |
| Investments | 744 | 644 | 1,309 | 820 | 187 | 22 | 9 | 444 |
| Total assets | 4,243 | 4,949 | 6,028 | 6,546 | 15,862 | 12,217 | 9,181 | 9,383 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 844 | 686 | 912 | 258 | 1 | -16 | -45 | 624 |
| Cash from investing | -224 | 4 | -807 | 139 | -2,876 | -28 | -151 | -649 |
| Cash from financing | -464 | -77 | -57 | -257 | 1,930 | -91 | 651 | 95 |
| Net cash flow | 146 | 601 | 67 | 135 | -961 | -133 | 457 | 79 |
| Capital expenditure | -67 | -53 | -69 | -159 | -204 | -142 | -169 | -163 |
| Free cash flow | 777 | 632 | 843 | 99 | -203 | -158 | -215 | 462 |
TTWO revenue by segment
| Segment | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Game | 91% | 91% | 93% | 92% | 93% | 92% | 93% | 93% | +2.9% |
| Recurrent Customer Spending | 80% | 80% | 76% | 84% | 72% | 77% | 81% | 84% | +2.7% |
| Mobile | 55% | 54% | 47% | 53% | 46% | 51% | 50% | 50% | -4.9% |
| Console | 36% | 37% | 37% | 37% | 41% | 38% | 40% | 42% | +16.3% |
| Full Game and Other | 20% | 20% | 24% | 16% | 28% | 23% | 19% | 16% | -1.5% |
| PC and Other Products | 9% | 9% | 15% | 10% | 13% | 11% | 10% | 9% | -13.5% |
| Advertising | 9% | 9% | 7% | 8% | 7% | 8% | 7% | 7% | -8.4% |
| Physical Retail and Other | 4% | 4% | 4% | 2% | 5% | 3% | 3% | 2% | -2.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
TTWO operating KPIs by quarter
| KPI | Jun 2025 Q1 FY26 | Sep 2025 Q2 FY26 | Dec 2025 Q3 FY26 | Mar 2026 Q4 FY26 | Jun 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Net bookings | $1.42BWe delivered first quarter net bookings of $1.42 billion, which was significantly above our guidance range of $1.25 billion to $1.3 billion.Source: earnings call transcript | $1.96BWe delivered fantastic second quarter results, including net bookings of $1.96 billion, which vastly exceeded our expectations and represent the best second quarter of net bookings in our company's history.Source: earnings call transcript | $1.76BI'm pleased to report that we delivered another outstanding quarter, including net bookings of $1.76 billion, which surpassed meaningfully the high end of our guidance.Source: earnings call transcript | $1.58BI'm pleased to report that we concluded fiscal year 2026 with excellent results, including fourth quarter Net bookings of $1.58 billion, which was above the high end of our guidance range.Source: earnings call transcript | ~$1.39BWe delivered first quarter net bookings of approximately $1.39 billion, which was slightly above the high end of our guidance range, primarily due to the outperformance of NBA 2K and the Grand Theft Auto series.Source: earnings call transcript | — |
| Employees | — | <13KI'd just like to take a moment once again to express my gratitude for the nearly 13,000 people who devote their careers to Take-Two and all of our affiliates all over the world because they're the ones who delivered these amazing results.Source: earnings call transcript | — | — | 13KGuided by our core pillars to be the most creative, innovative and efficient entertainment company in the world, our 13,000 colleagues share a singular vision for excellence and hit creation.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q1 FY2027 · share of revenue
- US 60%
- Non Us 40%
As TTWO cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
132 filings between Nov 14, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$165.12M
97 sales by 10 insiders
67% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 22
- Award — granted as compensation
Also filed: 6 gifts, 4 dispositions to the issuer, 3 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| ZELNICK STRAUSS | — | $86.03M | Aug 10, 2026 |
| Slatoff Karl | — | $56.23M | Jun 3, 2026 |
| Emerson Daniel P | — | $9.66M | Sep 3, 2026 |
| Goldstein Lainie | — | $7.76M | Sep 2, 2026 |
| GORDON WILLIAM B | — | $3.07M | Sep 29, 2026 |
| Siminoff Ellen F | — | $860.8K | Oct 15, 2026 |
| Dornemann Michael | — | $546.0K | Jun 4, 2026 |
| Srinivasan LaVerne Evans | — | $495.9K | Aug 17, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Siminoff Ellen F Director | Sale 10b5-1 plan | 167 | $33.9K |
| Oct 15, 2026 | Siminoff Ellen F Director | Sale 10b5-1 plan | 167 | $33.9K |
| Oct 2, 2026 | Siminoff Ellen F Director | Award | 1,240 | $0 |
| Oct 2, 2026 | Sheresky Michael Director | Sale 10b5-1 plan | 484 | $98.6K |
| Oct 1, 2026 | Srinivasan LaVerne Evans Director | Award | 1,586 | $0 |
| Oct 1, 2026 | GORDON WILLIAM B Director | Award | 1,217 | $0 |
| Oct 1, 2026 | Moses Jon J Director | Award | 1,126 | $0 |
| Oct 1, 2026 | Viera Paul E Director | Award | 1,229 | $0 |
| Oct 1, 2026 | HERNANDEZ ROLAND A Director | Award | 1,258 | $0 |
| Oct 1, 2026 | Sheresky Michael Director | Award 10b5-1 plan | 1,126 | $0 |
| Oct 1, 2026 | Dornemann Michael Director | Award | 1,126 | $0 |
| Oct 1, 2026 | Tolson Susan Director | Award | 1,126 | $0 |
| Sep 29, 2026 | GORDON WILLIAM B Director | Sale 10b5-1 plan | 1,052 | $211.4K |
| Sep 29, 2026 | GORDON WILLIAM B Director | Sale 10b5-1 plan | 2,946 | $595.6K |
| Sep 29, 2026 | GORDON WILLIAM B Director | Sale 10b5-1 plan | 6,002 | $1.22M |
| Sep 15, 2026 | Siminoff Ellen F Director | Sale 10b5-1 plan | 167 | $36.7K |
| Sep 15, 2026 | Siminoff Ellen F Director | Sale 10b5-1 plan | 167 | $36.7K |
| Sep 3, 2026 | Emerson Daniel P Chief Legal Officer | Sale 10b5-1 plan | 744 | $161.5K |
| Sep 2, 2026 | Emerson Daniel P Chief Legal Officer | Sale 10b5-1 plan | 917 | $199.6K |
| Sep 2, 2026 | Goldstein Lainie Chief Financial Officer | Sale 10b5-1 plan | 1,335 | $290.6K |
| Aug 17, 2026 | Sheresky Michael Director | Sale 10b5-1 plan | 127 | $31.1K |
| Aug 17, 2026 | Srinivasan LaVerne Evans Director | Sale | 362 | $88.7K |
| Aug 14, 2026 | Siminoff Ellen F Director | Sale 10b5-1 plan | 167 | $40.5K |
| Aug 14, 2026 | Siminoff Ellen F Director | Sale 10b5-1 plan | 167 | $40.5K |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 1,600 | $405.5K |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 10,402 | $2.63M |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 1,600 | $404.0K |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 4,500 | $1.13M |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Gift | 10,000 | $0 |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 6,007 | $1.51M |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Gift | 10,000 | $0 |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 100 | $25.5K |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 2,000 | $508.9K |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 9,565 | $2.42M |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 300 | $76.5K |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 2,000 | $508.9K |
| Aug 10, 2026 | ZELNICK STRAUSS Chairman, CEO | Sale | 1,926 | $482.4K |
| Jul 1, 2026 | Siminoff Ellen F Director | Sale 10b5-1 plan | 167 | $42.2K |
| Jul 1, 2026 | Siminoff Ellen F Director | Award 10b5-1 plan | 104 | $0 |
| Jul 1, 2026 | Siminoff Ellen F Director | Sale 10b5-1 plan | 167 | $42.2K |
| Jul 1, 2026 | Viera Paul E Director | Award | 93 | $0 |
| Jul 1, 2026 | GORDON WILLIAM B Director | Award | 82 | $0 |
| Jun 22, 2026 | Moses Jon J Director | Sale | 500 | $122.3K |
| Jun 16, 2026 | Emerson Daniel P Chief Legal Officer | Sale 10b5-1 plan | 4,419 | $1.02M |
| Jun 15, 2026 | Moses Jon J Director | Sale | 500 | $107.6K |
| Jun 15, 2026 | Emerson Daniel P Chief Legal Officer | Sale 10b5-1 plan | 4,421 | $950.5K |
| Jun 8, 2026 | Emerson Daniel P Chief Legal Officer | Sale 10b5-1 plan | 8,840 | $1.89M |
| Jun 4, 2026 | Dornemann Michael Director | Sale | 1,151 | $249.8K |
| Jun 3, 2026 | Slatoff Karl President | Sale 10b5-1 plan | 546 | $120.1K |
| Jun 3, 2026 | Slatoff Karl President | Sale 10b5-1 plan | 23,250 | $5.02M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for TAKE TWO INTERACTIVE SOFTWARE INC
Free account. Everything above stays public.
Write why you follow TAKE TWO INTERACTIVE SOFTWARE INC and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading