Take-Two Net Bookings Drop
Take-Two Interactive Software reported second-quarter fiscal 2027 net bookings of $1.60 billion, marking an 18% decrease compared to the same period last year, ir.take2games.com reported.
The company posted its financial results for the quarter ended September 30, 2026. GAAP net revenue reached $1.50 billion, down from $1.77 billion during the fiscal second quarter of 2026. The firm also recorded a GAAP net loss of $54.0 million, or $0.29 per share. That figure compares favorably to the net loss of $133.9 million, or $0.73 per share, reported for the comparable period last year.
Recurrent Consumer Spending Slips
Recurrent consumer spending fell 9% for the quarter and accounted for 81% of total net bookings, according to the company. GAAP net revenue from recurrent consumer spending dropped 5%, also making up 81% of total GAAP net revenue.
Major revenue and booking drivers included NBA 2K, the Grand Theft Auto series, Toon Blast, Match Factory!, Empires & Puzzles, the Borderlands franchise, and Words With Friends. Additional top contributors included the Red Dead Redemption series, Color Block Jam, WWE 2K, and Zynga Poker.
Grand Theft Auto VI Launch Nears
Take-Two Chairman and CEO Strauss Zelnick pointed to upcoming software releases as core drivers for the business.
The launch of Grand Theft Auto VI is ten days away and, with pre-orders continuing to reach unprecedented levels, we expect to deliver an historic year for our company,
Zelnick said in a statement.
The company reiterated its full-year fiscal 2027 outlook for net bookings between $8.0 billion and $8.2 billion. Zelnick added that management remains confident in building on the fiscal year through new title releases, geographic expansion, and accretive mergers and acquisitions.
Fiscal 2027 Financial Guidance
Take-Two updated its full-year guidance alongside its initial outlook for the fiscal third quarter ending December 31, 2026. Management anticipates a tax rate of 18% for both reporting periods.
Diluted net income per share calculations will rely on an estimated share count of 189.5 million for the full fiscal year. For the third quarter, the projected share count rises to 192.0 million shares.
Take-Two Scheduled a Conference Call to Review Financial Results
Take-Two scheduled a conference call at 4:30 p.m. Eastern Time on November 9, 2026, to review the financial results. Investors can access a live webcast through the company’s investor relations website at take2games.com/ir. Final operating data will appear in the company’s upcoming Form 10-Q filing for the period ended September 30, 2026.