Take-Two Interactive said fiscal first-quarter net bookings slipped 3% to $1.39 billion from $1.42 billion a year earlier, while GAAP net revenue rose 2% to $1.53 billion from $1.50 billion.
The company’s net loss widened to $34.1 million, or $0.18 a share, from a loss of $11.9 million, or $0.07 a share, in the same quarter last year. Cost of revenue included a $43.4 million impairment charge tied to a decision to stop further development of an unannounced title from a third-party developer.
Recurrent consumer spending fell 1% on a net bookings basis but increased 3% on a GAAP net revenue basis. It accounted for 84% of total net bookings and 84% of total GAAP net revenue.
Take-Two reiterated full-year fiscal 2027 net bookings guidance of $8.0 billion to $8.2 billion. It now sees full-year GAAP net revenue of $7.9 billion to $8.1 billion, net income of $104 million to $143 million, and diluted earnings per share of $0.55 to $0.75. The company had previously signaled net bookings of $8.0 billion to $8.2 billion.
For the second quarter, Take-Two projected net bookings of $1.62 billion to $1.67 billion, net revenue of $1.42 billion to $1.47 billion, and a net loss of $157 million to $140 million, or $0.84 to $0.75 per share.
On profitability, full-year non-GAAP EBITDA is expected to be $993 million to $1.053 billion. For the first quarter, non-GAAP EBITDA was $167.0 million.
Among the quarter’s biggest contributors were NBA 2K, Grand Theft Auto, Toon Blast, Match Factory!, Empires & Puzzles, Red Dead Redemption, Words With Friends, Color Block Jam, WWE 2K, Zynga Poker, and Toy Blast.
Take-Two also pointed to several upcoming releases, including NBA 2K27 on September 4, 2026 and Grand Theft Auto VI on November 19, 2026. Today the company's shares have moved 2.81% to a price of $238.99. Check out the company's full 8-K submission here.
