Take-Two Q1 Net Bookings Top Guidance, FY27 Outlook Reiterated; GTA VI Set for Nov 19

summarizeSummary

Take-Two reported fiscal Q1 2027 Net Bookings of $1.39 billion, slightly above guidance, and reiterated its full-year Net Bookings outlook of $8.0–$8.2 billion. Grand Theft Auto VI is confirmed for November 19, 2026.

check_boxKey Events · Earnings and Guidance · TTWO

• Q1 Net Bookings Beat Guidance

  Net Bookings of $1.39 billion came in slightly above the company's guidance range, though down 3% year-over-year. Recurrent consumer spending accounted for 84% of Net Bookings.

• FY27 Outlook Reiterated at $8.0–$8.2 Billion

  Management reiterated its full-year Net Bookings outlook, implying a significant second-half ramp driven by Grand Theft Auto VI and other releases.

• Grand Theft Auto VI Launch Confirmed for November 19, 2026

  The highly anticipated title is set for release on PS5 and Xbox Series X|S, removing a key uncertainty for the fiscal year.

• Q2 Guidance: Strong Bookings, GAAP Loss

  Q2 Net Bookings are guided to $1.62–$1.67 billion, but GAAP net loss is expected at $0.84–$0.75 per share, reflecting heavy investment ahead of the holiday launch slate.

auto_awesomeAnalysis · TTWO · Technology

Take-Two delivered Q1 Net Bookings of $1.39 billion, slightly above its own guidance, and reiterated its full-year Net Bookings outlook of $8.0–$8.2 billion — a range that implies a massive second-half ramp driven by the November 19 launch of Grand Theft Auto VI. The quarter included a $43.4 million impairment charge for a canceled unannounced title, pushing GAAP net loss to $34.1 million. Q2 guidance calls for Net Bookings of $1.62–$1.67 billion but a GAAP net loss of $0.84–$0.75 per share, reflecting heavy investment ahead of the GTA VI launch. The confirmed release date removes a key uncertainty, and the reiterated full-year outlook signals management confidence in the pipeline.