TAKE TWO INTERACTIVE SOFTWARE (TTWO) Company Report

GTA VI release pushed to November 19, 2026, triggering a ~10% intraday share drop.
Q2 beat estimates with adjusted EPS of $1.46 and revenue of $1.96 billion.
FY26 guidance lifted to $3.05–$3.30 adj EPS (from $2.60–$2.85) and $6.4–$6.5 billion net bookings (from $6.05–$6.15 billion).
Q3 outlook calls for a loss of $0.49–$0.35 per share and revenue of $1.57–$1.62 billion, above consensus of ~$1.50 billion.

Nov 7, 2025, 2:20 PM

Bloomberg

Take-Two delays GTA VI to November 2026

TTWO

Product Launch

Layoffs

Take-Two postponed Grand Theft Auto VI to November 19, 2026, marking its second delay to ensure the game meets expected polish standards.
Approximately 30–40 staff were fired in the UK and Canada amid union-busting and leak allegations, prompting protests at Rockstar North’s Edinburgh office.
In its Q2 report, Take-Two highlighted strong uptake for NBA 2K26 and a favorable reception for Borderlands 4.
Grand Theft Auto V has sold about 220 million units, while GTA Online membership grew by over 20% year-over-year.

Nov 7, 2025, 12:03 PM

Bloomberg

Take-Two Interactive reports Q2 2026 results

TTWO

Earnings

Guidance Update

Product Launch

Delivered Q2 net bookings of $1.96 B, surpassing guidance of $1.7–1.75 B, and raised FY 2026 net bookings outlook to $6.4–6.5 B.
Recurrent consumer spending grew 20%, accounting for 73% of net bookings; driven by NBA 2K (+45%) and mobile titles, while GTA Online declined.
GAAP net revenue was $1.77 B (+31%), cost of revenue $793 M (+27%), and operating expenses $1.1 B (+5%).
FY 2026 guidance updated: GAAP net revenue $6.38–6.48 B, cost of revenue $2.66–2.69 B, and total operating expenses $3.98–4.00 B.
Grand Theft Auto VI launch moved to November 19, 2026, with no change to GTA Online support cadence.

Nov 6, 2025, 9:30 PM

Transcript

Take-Two Interactive reports Q2 2026 results

TTWO

Earnings

Guidance Update

Product Launch

Net bookings of $1.96 billion in Q2, the best second quarter on record, and raised fiscal 2026 net bookings guidance to $6.4–6.5 billion.
Grand Theft Auto VI release delayed to November 19, 2026; GTA V has sold 220 million units and GTA Plus subscriptions grew 20% YoY.
Mobile segment saw strong growth: Toon Blast net bookings +26% YoY, Match Factory +20%, Rollic achieved record net bookings with 3.8 billion lifetime downloads, and CSR reached $1 billion in lifetime in-game spending.

Nov 6, 2025, 9:30 PM

Transcript

Take-Two reports Q2 FY2026 results

TTWO

Earnings

Guidance Update

Q2 GAAP net revenue of $1,774 million beat guidance of $1,650–$1,700 million; GAAP net loss was $134 million (EPS $(0.73)) versus guidance of $(136)–$(110) million (EPS $(0.75)–$(0.60)).
Q2 net bookings reached $1.961 billion, above guidance of $1.700–$1.750 billion, with Recurrent Consumer Spending up 20% YoY driven by NBA 2K26 and Mafia: The Old Country.
FY 2026 guidance raised: GAAP net revenue to $6.38–$6.48 billion, net bookings to $6.4–$6.5 billion, RCS growth to 11%, and operating cash flow of ~$250 million.
Q3 FY 2026 outlook: GAAP net revenue of $1.57–$1.62 billion, GAAP net loss of $(90)–$(65) million (EPS $(0.49)–$(0.35)), net bookings of $1.55–$1.60 billion, and RCS growth of 8%.

Nov 6, 2025, 9:30 PM

Presentation

Take-Two reports Q2 2026 earnings results

TTWO

Earnings

Guidance Update

Product Launch

Record Q2 net bookings of $1.96 B vs. guidance $1.70–$1.75 B; GAAP net revenue +31% to $1.77 B, cost of revenue +27% to $793 M, and operating expenses +5% to $1.1 B.
Raised FY26 net bookings outlook to $6.4–$6.5 B (14% growth at midpoint); Q3 net bookings expected at $1.55–$1.60 B, GAAP net revenue $1.57–$1.62 B, and operating expenses $980–$990 M.
Major launches included Mafia: The Old Country, NBA 2K26 (sold >5 M units with 45% recurrent spending growth), and Borderlands 4; mobile titles Toon Blast +26% and Match Factory +20% net bookings; GTA V unit sales reached 220 M with GTA Plus membership +20% Y/Y.
Pipeline highlights: WWE 2K26 to launch in Q4 FY26 and Grand Theft Auto VI slated for November 19, 2026, alongside titles such as CSR 3, The Next BioShock, Project Ethos, and Judas.
Operating cash flow guidance raised to $250 M, capex expected around $180 M, and management‐basis operating expenses projected to grow ~9% Y/Y.

Nov 6, 2025, 9:30 PM

Transcript

Take-Two reports Q2 FY2026 results and raises full-year outlook

TTWO

Earnings

Guidance Update

Product Launch

Take-Two’s fiscal Q2 Net Bookings grew 33% to $1.96 billion, surpassing guidance, driven by strong live services and recurrent consumer spending.
GAAP net revenue increased to $1.77 billion, while net loss narrowed to $133.9 million (-$0.73/share) versus a loss of $365.5 million (-$2.08/share) a year ago.
The Company raised its FY2026 Net Bookings forecast to $6.4–$6.5 billion, marking the second upward revision this year.
Rockstar Games’ Grand Theft Auto VI is now scheduled for release on November 19, 2026, setting the stage for further growth in fiscal 2027.

Nov 6, 2025, 9:13 PM

8-K

Take-Two reports Q2 FY26 results and raises guidance

TTWO

Earnings

Guidance Update

Product Launch

Net Bookings of $1.96 B in Q2 FY26, up 33% year-over-year
GAAP net revenue of $1.77 B and net loss of $133.9 M (−$0.73 per share), vs. a $365.5 M loss (−$2.08 per share) in Q2 FY25
Raised FY26 Net Bookings outlook to $6.4–6.5 B
Grand Theft Auto VI launch scheduled for November 19, 2026

Nov 6, 2025, 9:05 PM

Press Release

Take-Two unveils new NBA 2K League

TTWO

Product Launch

Take-Two and the NBA launch NBA Take-Two Media’s new immersive NBA 2K League (2KL), combining competitive gaming with original content and live events.
NBAT2 secures a multi-year partnership with the NBPA to feature NBA players alongside creators across six teams, led by Honorary Commissioner Jesser.
The inaugural season kicks off with the MyPLAYER Mayhem reality series on Nov. 5 and opens fan sign-ups for the Next Fan Up ladder competition on Nov. 16.

Nov 3, 2025, 4:00 PM

Press Release

Take-Two announces Borderlands 4 launch

TTWO

Product Launch

2K and Gearbox Software released Borderlands 4 worldwide on PS5, Xbox Series X|S, and PC; Nintendo Switch version arrives October 3, 2025
Title features four new Vault Hunters, billions of weapons, seamless zone traversal, new traversal mechanics, and instanced loot with dynamic co-op for up to four players
Available in three editions: Standard ($69.99), Deluxe ($99.99), and Super Deluxe ($129.99), each offering tiered digital content
Post-launch support includes a roadmap of free and paid DLC packs, with details forthcoming on www.borderlands.com

Sep 12, 2025, 1:00 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for TAKE TWO INTERACTIVE SOFTWARE.

Q2 2026

Nov 6, 2025

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Q1 2026

Aug 7, 2025

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Q4 2025

May 15, 2025

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TAKE TWO INTERACTIVE SOFTWARE (TTWO)

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