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Sep 30, 2025
Take-Two Q2 2026 Earnings Report
Take-Two reported a net loss and strong revenue growth in its fiscal Q2 2026.
Key Takeaways
Take-Two delivered higher revenue and net bookings driven by successful new releases and strong performance in live services, though the quarter ended with a net loss.
Net revenue grew to $1.7738 billion, driven by titles like NBA 2K26 and Borderlands 4.
Net bookings reached $1.9605 billion, surpassing expectations.
Recurrent consumer spending made up 73% of total net bookings.
Company raised its fiscal year 2026 outlook and confirmed GTA VI launch for November 2026.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Take-Two raised its FY26 outlook with expectations of record net bookings in FY27, driven by major releases like GTA VI.
Positive Outlook
- Raised FY26 net bookings guidance to $6.4B–$6.5B.
- GTA VI confirmed for November 19, 2026 release.
- Strong performance in mobile and NBA 2K titles.
- Continued momentum in live services.
- Robust release pipeline supporting future growth.
Challenges Ahead
- Continued net losses projected for the fiscal year.
- High operating expenses remain a challenge.
- Heavy dependence on key franchises like GTA and NBA 2K.
- Increased R&D and marketing spend impacting margins.
- Ongoing macroeconomic and FX uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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