Take-Two (TTWO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 06, 2026

After Close (Confirmed)

Period Ending

2027 (Q1)

Consensus EPS Forecast

0.33

Last Year’s EPS

0.61

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 13 Analysts Ratings

Earnings Call Summary

Q4 2026

Earnings Call Date:May 21, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call was markedly positive: management reported record fiscal results (net bookings, revenues, and operating cash flow), multiple franchises and mobile titles outperformed expectations, and the company provided aggressive FY27 guidance anchored by the highly anticipated Grand Theft Auto VI (Nov 19). At the same time, management flagged near-term conservatism around mobile, a planned increase in marketing and R&D spend (raising operating expenses), softer Q1 guidance versus prior year, and some uncertainty about post-launch GTA Online dynamics. Overall, the strength and scale of the highlights — record results, strong cash generation, and a clear catalyst (GTA VI) with extensive pipeline — materially outweigh the near-term lowlights and conservatism in mobile guidance.

Company Guidance

Take‑Two’s initial fiscal 2027 guidance calls for net bookings of $8.0–$8.2 billion (about +20% vs. FY26’s $6.72B and driven largely by the Nov. 19 launch of GTA VI), GAAP net revenue of $7.9–$8.1B, cost of revenue $3.5–$3.62B and total operating expenses $4.18–$4.2B (management OpEx +~8% YoY); the company expects operating cash flow in excess of $1B, to be in a net‑cash position by year‑end, and plans ~ $200M of capex. Management expects recurring consumer spending to be flat vs. FY26 and to represent ~65% of net bookings (assumes NBA 2K up high‑single digits, GTA up, mobile down), a label mix of ~36% Rockstar / 35% Zynga / 29% 2K, and for FY27 margins to benefit from scale and efficiency initiatives. First‑quarter FY27 guidance: net bookings $1.32–$1.37B (vs. Q1 FY26 $1.42B), RCS down ≈3%, GAAP revenue $1.45–$1.50B, cost of revenue $578–$594M, and operating expenses $926–$936M (management OpEx +~3% YoY).

Record Fiscal Year and Quarter Net Bookings

Fiscal 2026 net bookings of $6.72 billion (≈$750M above initial guidance) and fourth quarter net bookings of $1.58 billion (above the high end of guidance). Company cites record net bookings and operating performance for the year.

Strong Financial Results and Cash Generation

GAAP net revenue rose 18% to $6.65 billion for fiscal 2026; Q4 GAAP net revenue was $1.68 billion (+6% YoY). Operating cash flow for fiscal 2026 was $624 million (vs. forecast $450M). Management expects operating cash flow >$1 billion in fiscal 2027 and to be in a net cash position by year-end.

Ambitious Fiscal 2027 Guidance Driven by GTA VI

Initial fiscal 2027 outlook: net bookings $8.0–$8.2 billion (≈20% growth vs. FY26) and GAAP net revenue guidance $7.9–$8.1 billion. Grand Theft Auto VI slated for Nov 19 release; Rockstar to begin marketing in summer — management views FY27 as a potential breakout year.

Recurrent Consumer Spending Strength

Recurring consumer spending (RCS) delivered solid growth: fiscal 2026 RCS grew 17% and accounted for 78% of net bookings; Q4 RCS grew 7% and accounted for 82% of net bookings. Management expects NBA 2K and GTA to remain significant RCS contributors.

Mobile Portfolio Outperformance

Multiple Zynga/owned mobile titles posted strong growth: Toon Blast ≈+25% YoY, Color Block Jam +15% YoY (Rollic's highest grossing title), Empires & Puzzles +5% YoY. Zynga achieved its highest level of net bookings since the 2022 acquisition. DTC channel improvements (reduced payment friction, better conversion) are driving net bookings and margin gains.

Franchise & Live-Service Momentum

Grand Theft Auto series materially exceeded expectations (GTA V sold-in nearly 230M units to date); Red Dead Redemption 2 sold-in >85M units and saw its highest annual unit sales since launch. NBA 2K: fiscal growth >30% RCS, NBA 2K26 sold-in >10M units (+5% YoY), Q4 RCS +10%. WWE 2K26 RCS +20% YoY in Q4; PGA Tour 2K25 rounds played rose 110% QoQ in Q4.

Operational Leverage and Efficiency Initiatives

On a management basis FY operating expenses rose 7% YoY (strong leverage given revenue growth); company is investing in AI, game tech, and tools to drive creative and operational efficiencies and expects continued margin improvement over time. Planned capex for FY27 ≈$200M.

Take-Two (TTWO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TTWO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2026	2027 (Q1)	0.33 / -	0.608	―	―	―
May 21, 2026	2026 (Q4)	0.56 / 0.80	1.075	-25.77% (-0.28)
Feb 03, 2026	2026 (Q3)	0.83 / 1.23	0.724	69.89% (+0.51)
Nov 06, 2025	2026 (Q2)	0.94 / 1.46	0.657	122.53% (+0.80)
Aug 07, 2025	2026 (Q1)	0.28 / 0.61	0.048	1166.67% (+0.56)
May 15, 2025	2025 (Q4)	1.10 / 1.07	0.275	290.91% (+0.80)
Feb 06, 2025	2025 (Q3)	0.58 / 0.72	0.706	2.55% (+0.02)
Nov 06, 2024	2025 (Q2)	0.41 / 0.66	1.217	-46.01% (-0.56)
Aug 08, 2024	2025 (Q1)	0.03 / 0.05	0.269	-82.16% (-0.22)
May 16, 2024	2024 (Q4)	0.09 / 0.28	0.589	-53.31% (-0.31)

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
May 21, 2026	$238.08	$227.55	-4.42%
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%

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.