Take-Two Interactive Software reported first-quarter fiscal 2027 net bookings of $1.39 billion, exceeding company guidance despite a 3% decline from the previous year’s $1.42 billion, according to an earnings release issued by the company.
Take-Two Interactive Reports First-Quarter Fiscal 2027 Net Bookings of $1.39 Billion
Take-Two Interactive Software, Inc. pulled in total net bookings of $1.39 billion for the fiscal first quarter ended June 30, 2026, landing slightly above management’s projected range, according to an earnings report published by the company. While the top-line operational metric dropped 3% compared to $1.42 billion during the same period in fiscal 2025, leadership maintained its full-year outlook.
Chairman and Chief Executive Officer Strauss Zelnick attributed the quarterly performance to disciplined execution across all corporate labels. “Our excellent first quarter results reflect the power of our portfolio and disciplined execution across all of our labels,” Zelnick stated in the release.
Recurrent Consumer Spending Drives Revenue and Digital Dominance
Ongoing consumer engagement anchored the company’s financial results for the quarter, with recurrent consumer spending accounting for 84% of total net bookings and 84% of GAAP net revenue, according to Take-Two’s financial disclosures. Recurrent consumer spending generated substantial net bookings, shifting just 1% lower year-over-year.
GAAP net revenue reached $1.53 billion, rising from $1.50 billion in the prior year’s first quarter.
Top Revenue Contributors and Pipeline Adjustments
The primary catalysts for net bookings during the quarter included NBA 2K, the Grand Theft Auto series, Toon Blast, Match Factory!, Empires & Puzzles, the Red Dead Redemption series, Words With Friends, Color Block Jam, WWE 2K, Zynga Poker, and Toy Blast, according to company data.
Despite steady operational performance, Take-Two recorded a GAAP net loss of $34.1 million, or $0.18 per share, widening from a net loss of $11.9 million, or $0.07 per share, in the prior year’s quarter. The cost of revenue for the period included a $43.4 million impairment charge stemming from management’s decision to halt development on an unannounced title from a third-party developer.
Fiscal Year 2027 Outlook and Upcoming Grand Theft Auto VI Launch
Looking ahead, Take-Two reaffirmed its expectation for fiscal year 2027 net bookings to land between $8.0 and $8.2 billion.
“With these positive trends and excitement around the November 19th launch of Grand Theft Auto VI, we are reiterating our Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion,” Zelnick stated.
For the fiscal second quarter ending September 30, 2026, Take-Two projects net bookings alongside GAAP net results.
Frequently Asked Questions
What were Take-Two’s net bookings for the first quarter of fiscal 2027?
Take-Two reported net bookings of $1.39 billion for the fiscal first quarter ended June 30, 2026.
When is Grand Theft Auto VI scheduled to be released?
What drove the majority of Take-Two’s revenue in the first quarter?
Recurrent consumer spending drove 84% of total net bookings and net revenue, led by franchises like NBA 2K and Grand Theft Auto, alongside mobile hits such as Toon Blast and Match Factory!.
What was Take-Two’s GAAP net result for the quarter?
The company posted a GAAP net loss of $34.1 million, which included a $43.4 million impairment charge for an unannounced third-party title.
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