Quarterly ResultAug 7, 2026, 07:42 AM
Take-Two Q1 Net Bookings $1.39B; Reiterates FY27 Outlook $8.0-8.2B
AI Summary
Take-Two Interactive Software, Inc. reported fiscal first quarter 2027 results, with Net Bookings of $1.39 billion, slightly exceeding company guidance. GAAP net revenue increased to $1.53 billion, but the company posted a GAAP net loss of $34.1 million, primarily due to a $43.4 million impairment charge on an unannounced title. Despite the Q1 loss, Take-Two reiterated its strong fiscal year 2027 Net Bookings outlook of $8.0 to $8.2 billion, driven by its portfolio and the anticipated launch of Grand Theft Auto VI in November 2026.
Key Highlights
- Fiscal first quarter Net Bookings were $1.39 billion, slightly above guidance.
- GAAP net revenue for Q1 fiscal 2027 was $1.53 billion, up from $1.50 billion year-over-year.
- GAAP net loss for Q1 was $34.1 million, or $0.18 per share, compared to $11.9 million last year.
- Cost of revenue included a $43.4 million impairment charge for an unannounced title.
- Company reiterated fiscal year 2027 Net Bookings outlook of $8.0 to $8.2 billion.
- Fiscal year 2027 GAAP net revenue is projected to be $7.9 to $8.1 billion.
- Grand Theft Auto VI is scheduled for launch on November 19, 2026.
- Fiscal second quarter 2027 Net Bookings outlook is $1,620 to $1,670 million.
Price Impact
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