The beat on revenue and EPS, combined with maintained FY2027 guidance, reinforces the GTA VI catalyst narrative. Traders should watch for potential upward guidance revisions closer to the November launch. The widened GAAP loss is a non-cash impairment — the underlying operational beat is the key driver. Monitor FY2027 guidance for any changes as the launch approaches.
Price Chart
Executive Summary
Take-Two reported FQ1 2027 results with GAAP revenue of $1.53B (beat consensus of $1.36B by 12.5%) and GAAP EPS of -$0.18 (beat consensus of -$0.21 by 14.3%). Net Bookings were $1.39B, slightly above the company's guidance range of $1.32-$1.37B, though down 3% YoY. The company reiterated its FY2027 Net Bookings outlook of $8.0-$8.2B, keeping the focus on the upcoming Grand Theft Auto VI launch in November 2026. The GAAP loss widened YoY due to a $43.4M impairment charge on a cancelled unannounced title, but the revenue beat and maintained guidance support a positive read.
Key Financial Metrics
Key Facts
- FQ1 2027 GAAP revenue $1.53B vs consensus $1.36B, +2% YoY
- GAAP EPS -$0.18 vs consensus -$0.21, a 14.3% beat (less negative)
- Net Bookings $1.39B, slightly above guidance range of $1.32-$1.37B, but -3% YoY
- GAAP net loss $34.1M vs $11.9M loss a year ago, including $43.4M impairment on cancelled title
- FY2027 Net Bookings outlook reiterated at $8.0-$8.2B, unchanged
- FQ2 2027 Net Bookings guidance $1.62-$1.67B, implying sequential growth
- Grand Theft Auto VI on track for November 19, 2026 launch on PS5 and Xbox Series X/S
- Recurrent consumer spending (bookings) declined 1% YoY, accounted for 84% of total
Financial Impact
Revenue beat of ~$170M vs consensus, EPS beat of $0.03 vs consensus. Impairment charge of $43.4M is a one-time hit.
Risk Factors
- GTA VI delay or underperformance would significantly impact FY2027 outlook
- Mobile gaming revenue declined 8% YoY (Net Bookings), indicating competitive pressure
- GAAP net loss widened YoY, and operating cash flow was negative -$168.8M in the quarter
- Recurrent consumer spending bookings declined 1% YoY, suggesting plateau in live services
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-054580 |
| Document: ttwo-20260807.htm | 0001628280-26-054580 |
| Document: 0001628280-26-054580-index-headers.html | 0001628280-26-054580 |
| Document: 0001628280-26-054580-index.html | 0001628280-26-054580 |
| Document: 0001628280-26-054580.txt | 0001628280-26-054580 |
| 8-K Data (Synthetic) | 0001628280-26-054580 |
Track record builds as more directional reports settle.
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|---|---|---|---|---|---|
Sep 4, 2026 28d ago | Insider Cluster | $214.69 $222.91 | ▲ +3.83% | ▲ +5.04% | $202.73 (−5.57%) |
Aug 18, 2026 6w ago | Insider Cluster | $242.40 $232.93 | ▼ −3.91% | ▼ −3.71% | $202.73 (−16.37%) |
Aug 7, 2026 8w ago | 8-K | $246.23 $246.95 | ▲ +0.29% | ▼ −0.10% | $202.73 (−17.66%) |
Jun 17, 2026 15w ago | Insider Cluster | $239.28 $238.72 | ▼ −0.23% | ▲ +1.43% | $202.73 (−15.27%) |
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Jun 3, 2026 17w ago | Insider Cluster | $216.46 $212.08 | ▼ −2.02% | ▲ +0.53% | $202.73 (−6.34%) |
Jun 2, 2026 17w ago | Insider Cluster | $215.73 $210.46 | ▼ −2.44% | ▲ +1.38% | $202.73 (−6.02%) |
Jun 2, 2026 17w ago | Insider Cluster | $215.73 $210.46 | ▼ −2.44% | ▲ +1.38% | $202.73 (−6.02%) |
Jun 1, 2026 17w ago | Insider Cluster | $222.35 $212.05 | ▼ −4.63% | ▼ −1.67% | $202.73 (−8.82%) |
May 21, 2026 19w ago | 8-K | $227.51 $226.71 | ▼ −0.35% | ▼ −2.01% | $202.73 (−10.89%) |
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