$TTWO · TAKE TWO INTERACTIVE SOFTWARE INC
Take-Two reported Q2 FY2027 (ended September 30, 2026) results via an 8-K Item 2.02. GAAP net revenue was $1.497B, down from $1.774B a year earlier, and GAAP net loss narrowed to $54.0M ($0.29/share) from $133.9M ($0.73/share). Total Net Bookings fell 18% to $1.60B from $1.96B. The company reiterated FY2027 Net Bookings guidance of $8.0B–$8.2B and issued initial Q3 FY2027 guidance of $3.35B–$3.50B in Net Bookings, with GTA VI launching November 19, 2026.
- GAAP net revenue fell 15.6% YoY to $1.497B from $1.774B.
- GAAP net loss narrowed to $54.0M ($0.29/share) from $133.9M ($0.73/share).
- Total Net Bookings fell 18% to $1.60B from $1.96B.
- FY2027 Net Bookings guidance reiterated at $8.0B–$8.2B.
- GTA VI launches November 19, 2026 on PS5 and Xbox Series X|S.
Extended-hours last trade $215.13, up +3.73% vs the $207.40 regular close, suggesting investors are looking past the Q2 revenue decline to the imminent GTA VI launch and reiterated full-year guidance.
The quarter's revenue decline is overshadowed by the reiterated $8.0B–$8.2B FY2027 Net Bookings outlook and the November 19 GTA VI launch, the company's most consequential release.
Take-Two's Q2 softness reflects a light release slate ahead of GTA VI, with recurrent consumer spending (81% of Net Bookings) cushioning the decline.
Q2 revenue and Net Bookings both declined double digits YoY, and the FY2027 outlook depends on timely delivery of titles including GTA VI and continued console installed-base growth.