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TTWO · Q3 2026

TAKE TWO INTERACTIVE SOFTWARE INC

Reported 2026-08-07
BEAT
43EarnIQ signal
↘

Confidence falling

Mild quarter-over-quarter shift

Take-Two beats Q1 bookings guidance and remains fully on track for its landmark GTA VI release.

  • ✓Guidance was maintained, with high specificity.
  • ✓Management tone registered as confident (85/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Fragile beat

The numbers beat, but management confidence weakened.

EPS: reported vs expected+4.1%$0.35 vs $0.34
Revenue: reported vs expected-3.8%$1.4B vs $1.4B
Guidance specificityHighMaintained
Market expectations supplied by Finnhub · Reported vs consensus estimate

With these positive trends and excitement around the November 19th launch of Grand Theft Auto VI, we are reiterating our Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“Our excellent first quarter results reflect the power of our portfolio and disciplined execution across all of our labels.”
“With these positive trends and excitement around the November 19th launch of Grand Theft Auto VI, we are reiterating our Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion.”
“Looking further ahead, we expect to sustain this new level of scale and generate strong cash flows, setting us on a path to deliver continued growth and long-term shareholder returns.”
Guidance specificity
90/100

High specificity

Reiterated fiscal year 2027 Net Bookings outlook of $8.0 to $8.2 billion and provided initial Q2 Net Bookings outlook of $1.62 to $1.67 billion.

Pressure point
!

Potential risk of development delays

0 potential deflections detected in management communication.

Narrative break

What changed

No material narrative break was detected this quarter.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Fiscal first quarter Net Bookings of $1.39 billion came in slightly above the Company's guidance range.
  • Reiteration of the full-year fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion driven by strong upcoming titles.
  • Robust pipeline featuring the upcoming November 19, 2026 release of Grand Theft Auto VI and NBA 2K27.
Key risks
  • Potential risk of development delays affecting the November 19, 2026 launch of Grand Theft Auto VI.
  • Cost of revenue impairment charge of $43.4 million related to the cancellation of an unannounced title from a third-party developer.
  • Macroeconomic factors and consumer spending pressures impacting recurrent consumer spending and mobile platform performance.
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+15
New Signal+0
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0