Key Highlights Net bookings for Q1 totaled $1.39 billion, declining 3% from the prior year but surpassing analyst projections of $1.37 billion Revenue increased 2% year-over-year to $1.53 bil
Shares of Take-Two Interactive declined approximately 2% following the release of first-quarter earnings that exceeded revenue expectations but delivered forward guidance below analyst projections.
Take-Two Interactive Software, Inc., TTWO
During the three-month period ending June 30, the company reported net bookings of $1.39 billion, representing a 3% annual decline while still topping analyst forecasts. Revenue grew 2% to $1.53 billion, similarly exceeding market expectations. Shares traded near $233 during Friday’s premarket session following a 1% decline on Thursday. Year-to-date, TTWO has fallen approximately 9%.
The company posted a quarterly net loss of $34.1 million, translating to 18 cents per share. This figure came in better than the consensus estimate calling for a 20-cent loss. The results incorporated a $43.4 million impairment expense related to a cancelled, previously unannounced game title.
TAKE-TWO $TTWO Q1’27 EARNINGS HIGHLIGHTS
Revenue: $1.53B (Est. $1.41B)
; +2% YoY
FY27 Guide:
— Wall St Engine (@wallstengine) August 7, 2026
Adjusted EBITDA fell 26% compared to the year-ago period, settling at $167 million.
Revenue from recurrent consumer spending—encompassing microtransactions, downloadable content, and in-game purchases—edged down 1% year-over-year while representing 84% of total net bookings. Major revenue drivers included NBA 2K, Grand Theft Auto Online, Toon Blast, Match Factory, and Empires and Puzzles.
Console platform bookings climbed 11% to reach $525.2 million, surpassing the analyst estimate of $480.2 million. Conversely, mobile operations underperformed, dropping 7% to $739.5 million and falling short of the $763.4 million projection by over $20 million.
The divergence between platforms presents a revealing narrative. Console performance is accelerating in advance of GTA VI, while mobile operations remain challenged.
The primary focus remains Grand Theft Auto VI, slated for release on November 19. Pre-order availability began June 25. With GTA V achieving sales exceeding 200 million units since its 2013 debut and continuing to produce consistent revenue through GTA Online, market expectations for the franchise’s next installment are exceptionally high.
Chief Executive Officer Strauss Zelnick characterized the Q1 performance as evidence of focused execution throughout the company’s publishing labels and highlighted the upcoming November launch as a critical forthcoming event.
Looking ahead to Q2, Take-Two projects net bookings ranging from $1.62 billion to $1.67 billion. The guidance midpoint of $1.645 billion substantially trails the analyst consensus of $1.79 billion.
The company reaffirmed its full-year FY2027 net bookings guidance of $8.0 to $8.2 billion. Wall Street had anticipated figures closer to $8.62 billion.
While the disparity between company guidance and analyst expectations is substantial, Take-Two has historically employed conservative forecasting strategies ahead of major product releases. The management team typically awaits actual launch performance data before issuing upward revisions.
GTA VI pre-orders have been available for approximately six weeks, with the November 19 launch date proceeding as scheduled.
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