Take-Two Interactive Software shares rose approximately 4.2% after the company reported fiscal first-quarter net bookings of $1.39 billion and reaffirmed its fiscal 2027 net bookings forecast of $8 billion to $8.2 billion. Bookings slipped 3% from a year ago but exceeded management's guidance, while the company posted a net loss of $34.1 million versus $11.9 million a year earlier after a $43.4 million impairment charge tied to a canceled unannounced third-party game. Recurrent consumer spending accounted for 84% of both net bookings and GAAP revenue, with revenue climbing 2% to $1.53 billion. The first quarter contributed about 17% of the midpoint of the full-year bookings target, leaving a significant portion dependent on the planned November 19 release of Grand Theft Auto VI. The stock traded at $241.57, about 11.5% above a GF Value estimate of $216.58.
Take-Two Interactive Software IncReaffirmed fiscal 2027 bookings forecast and beat Q1 bookings guidance, despite net loss and impairment charge.
