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Dec 31, 2025
Take-Two Q3 2026 Earnings Report
The company delivered strong third-quarter results and raised its full-year outlook.
Key Takeaways
Take-Two delivered a strong Q3 FY2026 with net bookings significantly above guidance, driven by NBA 2K, Grand Theft Auto, and mobile titles, while reporting a GAAP net loss and raising its full-year outlook.
Net bookings materially exceeded the company’s guidance range.
NBA 2K and Grand Theft Auto franchises outperformed expectations.
Mobile titles delivered solid growth and represented about half of revenue.
Management raised full-year fiscal 2026 net bookings and cash flow outlook.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company raised its fiscal year 2026 outlook following strong Q3 performance and expects continued momentum.
Positive Outlook
- Raised full-year net bookings outlook to $6.65–$6.7 billion.
- Strong ongoing performance from NBA 2K and GTA franchises.
- Mobile business continues to show solid engagement trends.
- Recurrent consumer spending expected to grow at a faster pace.
- Operating cash flow outlook increased significantly.
Challenges Ahead
- Company continues to project a GAAP net loss for the full fiscal year.
- High operating expenses remain a headwind.
- Results remain dependent on a small number of key franchises.
- Foreign exchange and macroeconomic factors may impact results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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