Q1 Revenue Hits $1.53 Billion Ahead of GTA VI

TLDR

• Take-Two Q1 revenue rises to $1.53 billion as TTWO shares rebound by 4.30%.
• Net bookings slip 3% to $1.39 billion despite resilient recurrent spending.
• GTA VI remains set for November 19 and anchors Take-Two’s broader growth outlook.
• Take-Two keeps FY27 net bookings guidance at $8.0 billion to $8.2 billion unchanged.
• Q1 net loss widens to $34.1 million after a $43.4 million impairment charge.

Take-Two Interactive shares rose 4.30% to $242.47, rebounding from an intraday low near $225 after quarterly results. Revenue increased year over year, while net bookings slipped slightly as recurrent spending remained the largest contributor. The company also kept focus on Grand Theft Auto VI, which remains scheduled for November 19.

Take-Two Interactive Software, Inc., TTWO

Take-Two Posts $1.53 Billion in Q1 Revenue

Take-Two reported GAAP net revenue of $1.53 billion for the quarter ended June 30, 2026. That figure increased from $1.50 billion during the same quarter last year. Recurrent consumer spending rose 3% and represented 84% of total GAAP net revenue.

Net bookings reached $1.39 billion, down 3% from $1.42 billion one year earlier. Recurrent consumer spending within bookings fell 1%, but still contributed 84% of the total. NBA 2K and Grand Theft Auto remained among the largest contributors during the quarter.

Other leading contributors included Toon Blast, Match Factory, Empires & Puzzles, and Red Dead Redemption. Words With Friends, WWE 2K, Zynga Poker, and Toy Blast also supported quarterly bookings. The broad portfolio helped offset softer bookings growth across the reporting period.

Take-Two Records Wider Quarterly Net Loss

Take-Two posted a GAAP net loss of $34.1 million, or $0.18 per share. The company recorded an $11.9 million loss, or $0.07 per share, one year earlier. A $43.4 million impairment charge increased costs during the latest quarter.

The charge followed Take-Two’s decision to stop development of an unannounced third-party title. GAAP operating expenses reached $918.0 million, while gross profit totaled $882.5 million. The company reported a $35.5 million operating loss for the quarter.

Management reported non-GAAP EBITDA of $167.0 million after its standard adjustments. Those adjustments covered deferred revenue changes, stock compensation, acquired intangible amortization, and other items. Take-Two also used an 18% management tax rate for internal reporting.

GTA VI Supports Fiscal 2027 Outlook

Take-Two maintained fiscal 2027 net bookings guidance between $8.0 billion and $8.2 billion. The company expects full-year GAAP revenue between $7.9 billion and $8.1 billion. It also forecasts more than $1.0 billion in operating cash flow.

Grand Theft Auto VI remains scheduled for November 19 and anchors the fiscal 2027 release calendar. Rockstar Games develops the title as the next main entry in Take-Two’s flagship franchise. Management expects the launch to support a larger revenue base and stronger long-term cash generation.

For the fiscal second quarter, Take-Two expects net bookings between $1.62 billion and $1.67 billion. GAAP revenue should range from $1.42 billion to $1.47 billion during the period. The company projects a quarterly net loss between $140 million and $157 million.