Take-Two Q1 Revenue Beats, GTA VI Locked for November 2026, but Q2 Guidance Disappoints
TTWO sits 32% above its 52-week low of $187.63.
Summary
Take-Two's Q1 revenue topped estimates, and GTA VI is confirmed for November 2026, but Q2 guidance missed and insiders continue to sell.
Key Events · Earnings and Guidance · TTWO
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Q1 Revenue Beats, Loss Narrows
Net revenue rose 2% to $1.53 billion, above the $1.36 billion consensus. Net loss was $34.1 million, or $0.18 per share, compared to a loss of $11.9 million a year ago.
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Q2 Guidance Misses Consensus
The company guided Q2 revenue to $1.42–$1.47 billion, below the $1.55 billion consensus, citing a lighter release slate before the holiday quarter.
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Full-Year Outlook Reiterated
Full-year Net Bookings guidance of $7.9–$8.1 billion was reaffirmed, driven by the expected launch of Grand Theft Auto VI on November 19, 2026.
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GTA VI Launch Date Confirmed
Rockstar Games' Grand Theft Auto VI will release on November 19, 2026, with pre-orders having commenced in June 2026.
Analysis · TTWO · Technology
Take-Two delivered a mixed quarter. Revenue of $1.53 billion beat consensus, and the company reiterated its full-year Net Bookings outlook of $7.9–$8.1 billion, anchored by the November 19, 2026 launch of Grand Theft Auto VI. However, Q2 revenue guidance of $1.42–$1.47 billion fell short of the $1.55 billion consensus, and the company posted a net loss of $34.1 million. The filing also disclosed that CFO Lainie Goldstein and Director William Gordon adopted 10b5-1 trading plans, adding to a pattern of insider selling that has totaled over $132 million in the past 90 days. The GTA VI release date is the key catalyst, but near-term softness and insider sales temper enthusiasm.
At the time of this filing, TTWO was trading at $246.93 on NASDAQ in the Technology sector, with a market capitalization of approximately $46.1B. The 52-week trading range was $187.63 to $265.94. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.