Take-Two Interactive ( (TTWO) ) has released its Q1 earnings. Here is a breakdown of the information Take-Two Interactive presented to its investors.
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Take-Two Interactive Software, Inc. is a prominent developer, publisher, and marketer of interactive entertainment, known for its popular franchises such as Grand Theft Auto and NBA 2K, operating primarily through its Rockstar Games, 2K, and Zynga labels.
In its fiscal first quarter of 2026, Take-Two Interactive reported impressive financial results, exceeding its own guidance with net bookings of $1.42 billion, prompting the company to raise its fiscal year 2026 outlook. The company’s robust performance is attributed to strong demand for its core franchises and a diversified business model.
Key financial highlights include a 17% increase in total net bookings compared to the previous year, with recurrent consumer spending accounting for a significant portion of this growth. Major contributors to revenue included NBA 2K25, Grand Theft Auto V, and various mobile games. Despite a GAAP net loss of $11.9 million, this was a significant improvement from the previous year’s loss of $262 million.
Looking ahead, Take-Two Interactive has raised its fiscal year 2026 net bookings outlook to between $6.05 billion and $6.15 billion. The company remains optimistic about its future, driven by a strong product pipeline and continued demand for its popular gaming franchises.
With a focus on delivering high-quality entertainment experiences across multiple platforms, Take-Two Interactive is poised to maintain its position as a leader in the interactive entertainment industry.