Take-Two Interactive Software (NASDAQ:TTWO) Reports Strong Q1 2026 Earnings, Raises Full-Year Guidance

Take-Two Interactive Software (NASDAQ:TTWO) reported strong fiscal first-quarter 2026 results, surpassing analyst expectations and raising its full-year outlook. The company's performance was driven by robust demand for its core franchises and a diversified portfolio of successful titles.

Key Financial Highlights

• Revenue: Reported net bookings grew 17% year-over-year to $1.42 billion, exceeding the consensus estimate of $1.34 billion.
• Earnings Per Share (EPS): GAAP net loss narrowed to $0.07 per share, compared to a loss of $1.52 per share in the prior-year quarter. On an adjusted basis, the company delivered $0.61 EPS, well above the estimated $0.28.
• Recurrent Consumer Spending: A significant contributor to revenue, accounting for 83% of total net bookings, up 17% year-over-year.

Market Reaction

Following the earnings release, Take-Two’s stock rose 3.76% in after-hours trading, reflecting investor optimism. The positive reaction was fueled by the company's better-than-expected results and an upward revision to its fiscal 2026 guidance.

Outlook vs. Analyst Estimates

Take-Two raised its full-year net bookings forecast to $6.05–$6.15 billion, up from previous guidance and slightly above the consensus estimate of $6.12 billion. The company also provided an initial outlook for Q2, expecting net bookings of $1.7–$1.75 billion, compared to analyst expectations of $1.78 billion.

Pipeline and Upcoming Releases

CEO Strauss Zelnick highlighted the company’s "most ambitious pipeline in its history," with key upcoming releases including:

• Borderlands 4 (September 2025)
• NBA 2K26 (September 2025)
• Grand Theft Auto VI (May 2026)

These titles are expected to drive long-term growth, reinforcing Take-Two’s confidence in its multi-year outlook.

Conclusion

Take-Two’s strong Q1 performance, coupled with an optimistic full-year forecast, signals continued momentum in its gaming portfolio. The market’s positive reaction underscores confidence in the company’s ability to execute on its pipeline.

For more detailed earnings and estimates, visit Take-Two’s earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.