Overview

* Take-Two fiscal Q2 net bookings rose 33% to $1.96 bln, above company's guidance

* Company raises fiscal 2026 outlook, driven by strong game releases and consumer spending

* GAAP net revenue for fiscal Q2 beat analyst expectations; net loss narrows

* Take-Two delays 'Grand Theft Auto VI' to Nov. 19, 2026

Outlook

* Take-Two raises fiscal 2026 Net Bookings forecast to $6.4 bln-$6.5 bln

* Company projects Q3 Net Bookings between $1.55 bln and $1.6 bln

* Take-Two anticipates record Net Bookings in fiscal 2027

Result Drivers

* NEW GAME RELEASES - Strong performance from new titles like NBA 2K26 and Borderlands 4 contributed to revenue growth

* CONSUMER SPENDING - Recurrent consumer spending grew 20%, accounting for 73% of total Net Bookings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.77 $1.72

Revenue bln bln (16

Analysts

)

Q2 EPS -$0.73

Q2 Net -$133.90

Income mln

Q2 Net $1.96

Bookings bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Take-Two Interactive Software Inc ( TTWO ) is $276.00, about 7.7% above its November 5 closing price of $254.76

* The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 46 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)