Take-Two Interactive Software, Inc. (TTWO) Earnings Call Transcripts

Take-Two Interactive Software, Inc.'s Latest Earnings Call - Q1 FY2027

Take-Two Interactive Software, Inc. (TTWO:US) reported strong first quarter results for fiscal year 2027, ending June 30, 2026, with net bookings of approximately $1.39 billion, exceeding guidance of $1.32 billion to $1.37 billion. The earnings were driven by robust performances from NBA 2K and the Grand Theft Auto series. The company reiterated its fiscal 2027 net bookings outlook of $8 billion to $8.2 billion, reflecting a projected growth of about 20% year-over-year, primarily due to the anticipated release of Grand Theft Auto VI on November 19, 2026.

Reported metrics

Guidance from management

Management reiterated their fiscal 2027 net bookings outlook of $8 billion to $8.2 billion, maintaining expectations for recurrent consumer spending to align with fiscal 2026 levels. They projected net bookings for Q2 to range from $1.62 billion to $1.67 billion.

What management said

Thanks, Lainie and Karl. On behalf of our entire management team, I'd like to thank our colleagues for an excellent start to what is poised to be an outstanding year for Take-Two. And to our shareholders, I want to express our appreciation for your continued support. We'll now take your questions. Operator?

No, it's really not what we're seeing. Our results have been affected by how Color Block JM is doing versus last year in terms of coping because it was a new title last year. But apart from that, we've delivered some really good news in mobile. There's no doubt there's a bit of pressure on user acquisition at the moment. And I think that, that comes and goes in the marketplace. But no, we don't feel like the consumer...

What analysts pressed on

Analysts expressed concerns about potential slowdowns in the mobile market and user acquisition costs, particularly in light of macroeconomic factors. There were also questions regarding the sustainability of pre-order demand for Grand Theft Auto VI and how it may affect future sales.

Main topics on the call

• Strong Performance of NBA 2K Franchise — NBA 2K26 achieved record sales with over 12 million units sold, representing a 9% increase year-over-year. Management noted, "Engagement was up meaningfully during the quarter with recurrent consumer spending growing 7%....
• Grand Theft Auto Series Continues to Exceed Expectations — The Grand Theft Auto series saw a 3% increase in recurrent consumer spending, with GTA V selling over 230 million units. Management stated, "Global excitement for the launch of Grand Theft Auto VI continues to build with...
• Mobile Business Performance — Zynga's mobile titles performed in line with expectations, with Toon Blast and Words With Friends both seeing 8% growth year-over-year. However, recurrent consumer spending in mobile declined 7% overall, which was antici...
• Guidance Reaffirmed Amid Strong Pipeline — Management reiterated fiscal 2027 net bookings guidance of $8 billion to $8.2 billion, citing ongoing positive trends and confidence in upcoming releases. They expect strong cash flows and a net cash position by year-end...

Read the full Take-Two Interactive Software, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 39 Take-Two Interactive Software, Inc. earnings call transcripts on record, spanning February 6, 2020 to August 7, 2026. Based on this history, Take-Two Interactive Software, Inc. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TTWO

Exchange

NasdaqGS

Country

US

Sector

Communication Services

Industry

Entertainment

Calls on record

39

First call

February 6, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly