Take-Two Stock Rallies After Q4 Beats Estimates: Details - Take-Two Interactive (NASDAQ:TTWO)
Take-Two said recurrent consumer spending rose 7% and made up 82% of net bookings as it projected fiscal 2027 revenue of up to $8.1 billion.
- On Thursday, Take-Two Interactive reported quarterly revenue of $1.68 billion, beating consensus estimates of $1.57 billion, while confirming Grand Theft Auto VI's November 19, 2026 launch.
- Recurrent consumer spending grew 7% and accounted for 82% of total Net Bookings, with strong performance from NBA 2K and Grand Theft Auto Online driving results.
- Take-Two reported quarterly losses of $0.32 per share, beating the consensus estimate of $0.52, while GTA+ membership levels nearly doubled over the past year.
- Management expects fiscal 2027 revenue between $7.9 billion and $8.1 billion, with CEO Strauss Zelnick stating, "Our Fiscal 2026 performance was exceptional and exceeded our initial expectations at every level."
- Zelnick added that fiscal 2027 will "establish new record levels of operating performance driven by the Nov. 19 launch of Grand Theft Auto VI, along with strong execution across our portfolio.
11 Articles
11 Articles
GTA 6 subscription announcement wouldn't be a surprise after Take-Two earnings call
Take-Two, the publisher of Grand Theft Auto 6, held an earnings call on Thursday — and boy, was it full of news. After reaffirming GTA 6's planned Nov. 19 release date, Take-Two spent much of the call boasting about how much cash the Grand Theft Auto franchise rakes in. Even without specific figures, you probably already assumed GTA games are moneymakers. Take-Two also explained where that profit actually comes from — and the info might shift yo…
Take-Two Stock Rallies After Q4 Beats Estimates: Details - Take-Two Interactive (NASDAQ:TTWO)
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) posted better-than-expected fourth-quarter results after Thursday’s closing bell. Here's a look inside the report. TTWO stock is moving. Watch the price action here. Take-Two Q4 Details Take-Two Interactive reported quarterly losses of 32 cents per share, beating the analyst consensus estimate of 52 cents. Quarterly revenue came in at $1.68 billion, beating the consensus estimate of $1.57 bi…
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