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3w ago

Take-Two Exceeds Q1 Forecast, Raises Full-Year Guidance

Strong in-app sales from Zynga titles drove Take-Two’s bookings past guidance, lifting its outlook for the fiscal year.

NBA 2K22 and Grand Theft Auto 5 by Take-Two Interactive Software Inc are seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo
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Overview

  • Take-Two reported net bookings of $1.42 billion in its first quarter of fiscal 2026, a 16% increase year-over-year and above its $1.25 billion–$1.3 billion guidance.
  • The company raised its fiscal Q2 net bookings outlook to between $6.05 billion and $6.15 billion after the strong opening quarter.
  • Its mobile segment vastly exceeded expectations, led by hits including Toon Blast, Match Factory, NBA 2K All-Star and Rollic’s Color Block Jam.
  • Rockstar’s Grand Theft Auto Online saw new player accounts grow by 50% year-over-year following a record-breaking GTA VI trailer and a new content pack.
  • CEO Strauss Zelnick described the next 12 months as the company’s most robust release schedule ever, with Mafia: The Old Country, NBA 2K26, Borderlands 4 and GTA VI due through May 2026.