DailyIQ
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DailyIQ
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TTWOTake-Two Interactive Software, Inc.

Earnings Release

Take-Two Interactive Software, Inc.'s latest earnings press release, filed Aug 7, 2026, scored line by line for tone, guidance and what changed since the prior release.

New outlook issued55 lines scoredFiled Aug 7, 2026SEC 8-K · Exhibit 99
Release Tone
47
BALANCED
GuidanceNew outlook issuedWhat this release does to the company's outlook
Tone change▼ 8.9pointsvs the prior release (May 21, 2026)
Hedging language0.15per 100 words▼ 0.10 vs prior
New this quarter21of 55 linesWording that was not in the prior release

The lines that matter most

Ranked by how material, how strongly worded and how new each sentence is.

  1. 1

    Net loss$(157) to $(140)

    New this quarterNegative tone
  2. 2

    Fiscal first quarter Net Bookings were $1.39 billion, slightly above Company's guidance range

    New this quarterNegative tone
  3. 3

    Total Net Bookings* decreased 3% to $1.39 billion compared to $1.42 billion during last year’s fiscal first quarter.

    Negative tone
  4. 4

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

    Guidance reaffirmedNew this quarter
  5. 5

    Net Bookings from recurrent consumer spending** decreased 1% and accounted for 84% of total Net Bookings.

    Negative tone
  6. 6

    GAAP net revenue was $1.53 billion, compared to $1.50 billion in last year’s fiscal first quarter.

  7. 7

    GAAP net loss was $34.1 million, or $0.18 per share, as compared to $11.9 million, or $0.07 per share, for the comparable period last year.

    Negative tone
  8. 8

    Recurrent consumer spending** increased 3% and accounted for 84% of total GAAP net revenue.

Release by release

Tone and guidance for the last 2 earnings releases.

  1. Aug 7, 2026New outlook issued46.8-8.9
  2. May 21, 2026New outlook issued55.7

Bar length: tone on a 41–61 scale.

The release, annotated

1Highlight rankPositive toneNeutralNegative toneDimmed text: low materiality
Results
2Fiscal first quarter Net Bookings were $1.39 billion, slightly above Company's guidance range
Outlook
Company updates fiscal year 2027 outlook and reiterates expectation for Net Bookings of $8.0 to $8.2 billionGuidance reaffirmed
Management commentary
Strauss Zelnick, Chairman and CEO of Take-Two Interactive, stated: “Our excellent first quarter results reflect the power of our portfolio and disciplined execution across all of our labels.
4With these positive trends and excitement around the November 19 th launch of Grand Theft Auto VI , we are reiterating our Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion.Guidance reaffirmed
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.”
Results
First Quarter Fiscal 2027 Financial and Operational Highlights
3Total Net Bookings* decreased 3% to $1.39 billion compared to $1.42 billion during last year’s fiscal first quarter.
5Net Bookings from recurrent consumer spending** decreased 1% and accounted for 84% of total Net Bookings.
The largest contributors to Net Bookings were NBA® 2K, the Grand Theft Auto® series, Toon Blast™ , Match Factory!™ , Empires & Puzzles™, the Red Dead Redemption® series , Words With Friends™, Color Block Jam™ , WWE® 2K , Zynga Poker™ , and Toy Blast™.
6GAAP net revenue was $1.53 billion, compared to $1.50 billion in last year’s fiscal first quarter.
8Recurrent consumer spending** increased 3% and accounted for 84% of total GAAP net revenue.
The largest contributors to GAAP net revenue were NBA 2K, the Grand Theft Auto series , Toon Blast , Empires & Puzzles, Match Factory! , the Red Dead Redemption series , Words With Friends, Color Block Jam, WWE 2K, Zynga Poker, and Merge Dragons™.
7GAAP net loss was $34.1 million, or $0.18 per share, as compared to $11.9 million, or $0.07 per share, for the comparable period last year.
Cost of revenue included a $43.4 million impairment charge related to the Company's decision not to proceed with further development of an unannounced title in its pipeline from a third-party developer.
First Quarter Fiscal 2027 Financial Results
Share count used to calculate management reporting diluted net income per share is 187.8 million
Outlook
Outlook for Fiscal Year 2027
Take-Two is updating its outlook for the fiscal year and providing its initial outlook for its fiscal second quarter ending September 30, 2026:
Fiscal Year Ending March 31, 2027
Management reporting tax rate anticipated to be 18%
Share count used to calculate GAAP and management reporting diluted net income per share is expected to be 189.4 million
Management reporting tax rate anticipated to be 18%
Share count used to calculate GAAP net loss per share is expected to be 187.1 million
Share count used to calculate management reporting diluted net income per share is expected to be 188.5 million
Key assumptions and dependencies underlying the Company’s outlook include: a continuation of the current economic backdrop; the timely delivery of the titles included in this financial outlook; continued growth in the installed base of PlayStation 5 and Xbox Series X|S; the ability to develop and publish products that capture market share for these current generation systems while also leveraging opportunities on PC, mobile and other platforms; factors affecting our performance on mobile, such as player acquisition costs; our ongoing focus on our live services portfolio and new game pipeline; and stable foreign exchange rates.
See also “Cautionary Note Regarding Forward Looking Statements” below.
Corporate events
Product Releases
The following have been released since April 1, 2026:
LabelProductPlatformsRelease Date
Rockstar GamesGrand Theft Auto Online Kortz Center Heist Summer UpdatePS4, PS5, Xbox One, Xbox Series X|S, PCJuly 14, 2026
Take-Two's future lineup announced to-date includes:
LabelProductPlatformsRelease Date
2KNBA 2K27PS5, Xbox Series X|S, Switch 2, PCSeptember 4, 2026
Rockstar GamesGrand Theft Auto VIPS5, Xbox Series X|SNovember 19, 2026
2KPGA TOUR 2K27TBATBA
2KWWE 2K27TBATBA
ZyngaTop GoaliOS, AndroidTBA
ZyngaCSR 3iOS, AndroidTBA
Ghost Story GamesJudasPS5, Xbox Series X|S, PCTBA
2KProject ETHOSTBATBA
2KBioShock next iterationTBATBA
Outlook
Net income$104 to $143
Provision for income taxes$55 to $76
Results
Interest expense, net$41
Depreciation$175
Amortization of acquired intangibles$618
Outlook
EBITDA$993 to $1,053
Outlook
Three Months Ending September 30, 2026
Results
1Net loss$(157) to $(140)
Benefit from income taxes$(67) to $(60)
Interest expense, net$11
Depreciation$44
Amortization of acquired intangibles$149
Outlook
EBITDA$(20) to $4
59 boilerplate lines (safe-harbor disclaimer, contacts, call details) are set aside.

How this is scored

  • Source: the press release Take-Two Interactive Software, Inc. filed with the SEC as Exhibit 99 to Form 8-K (Item 2.02). Financial statements and boilerplate are set aside.
  • Tone: a financial sentiment model scores each sentence 0 to 100; the release score weights sentences by how material they are.
  • Materiality and guidance: a classifier judges whether each sentence is specific information, and what the release does to the outlook.
  • New this quarter: wording that does not appear in the prior release.
  • Hedging: uncertainty words (may, could, approximately, headwinds and similar) per 100 words of narrative.

These scores describe the release's language. They are not a forecast or a recommendation. Read the original filing

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