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Take-Two Interactive (TTWO)
NASDAQ:TTWO
Earnings Data
Report Date
May 14, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.57Last Year’s EPS
1.08Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong, broad-based operational momentum: a sizable Q3 beat on net bookings, double-digit revenue growth, robust recurring consumer spending, exceptional performance from NBA 2K, GTA and multiple mobile titles, and a raised operating cash flow outlook. Management highlighted continued mobile DTC progress, AI adoption, and a deep product pipeline culminating in GTA VI. Headwinds are modest in comparison — a slightly conservative Q4 guide vs last year, near-term margin pressures from rising cost of revenue and expenses, market concern over AI affecting stock sentiment, and reliance on the upcoming blockbuster release. Taken together, the positive results, upgraded guidance, and clear execution across labels significantly outweigh the listed lowlights.Company Guidance
Quarterly Net Bookings Beat and Raised Full-Year Outlook
Q3 net bookings of $1.76B meaningfully exceeded guidance ($1.55B–$1.6B). Management raised full-year net bookings guidance to $6.65B–$6.7B (Strauss earlier referenced up to $7.0B), implying ~18% growth year-over-year at the midpoint and ~ $725M above the initial outlook referenced earlier in the call.
Strong Recurring Consumer Spending
Recurring consumer spending rose 23% in the quarter, accounted for 76% of net bookings in Q3, and is now forecasted to grow ~17% for the full year and represent ~78% of net bookings.
NBA 2K Franchise Outperformance
NBA 2K sold approximately 8 million units to date (a high single-digit percentage increase vs NBA 2K25). Recurrent consumer spending, daily active users and MyCareer DAUs each grew ~30% YoY. Management forecasts NBA 2K recurrent consumer spending growth of ~37% for the full year.
Grand Theft Auto Momentum
GTA Online recurrent consumer spending grew 27% YoY. Grand Theft Auto V has sold over 225 million units since launch and GTA Plus membership levels nearly doubled YoY, demonstrating sustained engagement ahead of GTA VI.
Mobile Business Strength (Zynga)
Mobile net bookings rose ~19% YoY. TuneBlast grew 43% YoY and surpassed $3B in lifetime net bookings. Match Factory grew ~17% YoY; Empires & Puzzles and other titles contributed materially. Mobile direct-to-consumer had its strongest quarter on record and mobile advertising revenue grew ~10% YoY.
Revenue Growth and Improved Cash Flow Outlook
GAAP net revenue increased 25% to $1.7B in the quarter. Management raised operating cash flow forecast to $450M (up from prior $250M) and expects to deploy ~ $180M in capital expenditures.
Favorable Label Mix and Pipeline
Management projects net bookings mix roughly 46% Zynga, 38% 2K, and 16% Rockstar. A robust release pipeline (WWE 2K26, Civilization VII mobile, PGA Tour 2K25 on Switch 2 and the upcoming Grand Theft Auto VI with marketing starting summer and release on Nov 19, 2026) supports forward growth expectations.
Operating Leverage Despite Investment
Q3 GAAP operating expenses increased 10% to $984M (management basis +13% YoY), yet management expects full-year management operating expense growth of ~8% (and Q4 management op expense growth ~3%), signaling operating expense leverage versus strong top-line expansion.
TTWO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TTWO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $212.17 | $200.76 | -5.38% |
Nov 06, 2025 | $252.40 | $232.00 | -8.08% |
Aug 07, 2025 | $226.49 | $217.37 | -4.03% |
May 15, 2025 | $232.34 | $226.74 | -2.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Take-Two Interactive (TTWO) report earnings?
Take-Two Interactive (TTWO) is schdueled to report earning on May 14, 2026, After Close (Confirmed).
What is Take-Two Interactive (TTWO) earnings time?
Take-Two Interactive (TTWO) earnings time is at May 14, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTWO EPS forecast?
TTWO EPS forecast for the fiscal quarter 2026 (Q4) is 0.57.
