Take-Two Interactive Software
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Take-Two Interactive Software (TTWO) investor relations material

Take-Two Interactive Software Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary3 Feb, 2026

Executive summary

  • Q3 FY2026 net bookings reached $1.76 billion, exceeding guidance, driven by strong performance in NBA 2K, Grand Theft Auto, and mobile titles like Toon Blast and Empires & Puzzles.

  • Recurrent consumer spending grew 23% year-over-year, accounting for 76–77% of net bookings, with NBA 2K up 30%, Grand Theft Auto Online up 27%, and mobile up 19%.

  • Mobile business delivered record results, with Toon Blast up 43% year-over-year and several titles achieving double-digit growth.

  • Anticipation for Grand Theft Auto VI is high, with release set for November 19, 2026, and marketing to begin in summer.

  • Several new titles launched, including WWE 2K Mobile for Netflix and Red Dead Redemption for new platforms.

Financial highlights

  • GAAP net revenue for Q3 FY2026 was $1.70 billion, up 25% year-over-year and above guidance.

  • Net loss for Q3 FY2026 was $92.9–$93 million ($0.50 per share), narrowing from the prior year.

  • Digital revenue accounted for 80% of total net revenue in Q3 FY2026; digital channels represented 97% of net revenue and bookings.

  • Operating cash flow for the first nine months of FY2026 was $389 million, up from $115 million in the prior year.

  • Capital expenditures for the first nine months of FY2026 were $180 million.

Outlook and guidance

  • Fiscal 2026 net bookings outlook raised to $6.65–$6.7 billion, representing 18% growth at midpoint.

  • Fiscal 2026 GAAP net revenue expected at $6.55–$6.6 billion; net loss forecasted at $369–$338 million.

  • Fiscal 2026 EBITDA projected at $657–$681 million.

  • Q4 FY2026 net revenue guidance is $1.57–$1.62 billion, with net bookings of $1.51–$1.56 billion and RCS growth of 7%.

  • Launch of Grand Theft Auto VI in November 2026 expected to drive record net bookings in FY2027.

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Frequently asked questions

Take-Two Interactive Software, Inc., together with its subsidiaries, develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead. Take-Two Interactive Software, Inc. was founded in 1993 and is headquartered in New York City, New York.

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