Quarterly ResultAug 7, 2026, 04:39 PM
Take-Two Q1 Net Loss $(34.1)M; EPS $(0.18)
AI Summary
Take-Two Interactive Software reported a net loss of $(34.1) million for the three months ended June 30, 2026, significantly wider than the $(11.9) million loss in the prior year. Basic and diluted loss per share increased to $(0.18) from $(0.07). Total net revenue saw a modest increase of 2.0% to $1,533.9 million, but net cash used in operating activities rose substantially to $(168.8) million. The company also recorded $43.4 million in impairment charges related to software development costs.
Key Highlights
- Net loss for Q1 2026 was $(34.1)M, compared to $(11.9)M in Q1 2025.
- Basic and diluted loss per share was $(0.18), up from $(0.07) in Q1 2025.
- Total net revenue increased 2.0% to $1,533.9M from $1,503.8M YoY.
- Net cash used in operating activities was $(168.8)M, compared to $(44.7)M YoY.
- $43.4M impairment charges recorded for software development costs.
- Repaid $550.0M of 2026 Notes during the quarter.
- Recurrent consumer spending (RCS) revenue grew to $1,289.8M.
- Console revenue increased to $640.5M, while Mobile revenue decreased to $762.3M.
Price Impact
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