Take-Two Interactive Software reported first-quarter fiscal 2027 adjusted earnings of 36 cents per share, beating the Zacks Consensus Estimate by 16.13 percent. Revenues of 1.39 billion dollars declined 2.6 percent year over year but topped the consensus estimate of 1.36 billion dollars by 2.3 percent, as better-than-expected NBA 2K and Grand Theft Auto performance helped Net Bookings exceed management's guidance. NBA 2K26 sold in more than 12 million units, up 9 percent from NBA 2K25, while Grand Theft Auto V has sold in over 230 million units worldwide and recurrent consumer spending for the series grew 3 percent. Management said Grand Theft Auto VI had an exceptional start to preorders ahead of its November 19 release. For the fiscal second quarter, the company expects Net Bookings of 1.62 to 1.67 billion dollars and a GAAP loss of 84 to 75 cents per share, while reiterating full-year Net Bookings guidance of 8.0 to 8.2 billion dollars, representing roughly 20 percent growth at the midpoint.
Take-Two Interactive Software IncQ1 earnings beat estimates and strong NBA 2K/GTA performance
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