Take-Two Interactive (TTWO.US) published a very strong report for the first quarter of fiscal year 2026, surprising analysts and investors positively. The company significantly raised its annual net bookings revenue forecast to $6.05–6.15 billion (above Wall Street expectations), pointing to exceptional momentum in both the mobile segment (Zynga) and the top NBA 2K and Grand Theft Auto series. Before the opening of today's session, TTWO's share price is up more than 6%, signaling strong market confidence in the company's prospects and its broad pipeline. Management emphasizes that Take-Two is entering the most ambitious production period in its history. In the coming months, NBA 2K26 and Borderlands 4 will hit the market, Mafia: The Old Country premiered yesterday, and the highly anticipated Grand Theft Auto VI is set to officially debut on May 26, 2026.
Quarterly results are driven by very good performance in the mobile, sports, and well-known IP sectors, with player spending on microtransactions and online services remaining the key growth driver. According to analysts at TD Cowen and Benchmark, the release of titles such as Borderlands 4, NBA 2K26, and further updates to GTA Online will be crucial to maintaining the positive trend in the coming quarters. However, some comments point to the management's conservative attitude towards the mobile segment in the coming months. If expectations for Grand Theft Auto VI and subsequent hits materialize, Take-Two has a chance to continue its long-term boom, although market hopes may lead to greater volatility in the periods between key releases.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appQ1 2026 financial results:
-
Net bookings: $1.42 billion, +17% y/y (forecast: $1.32 billion)
-
USA: $836.6 million, +15% y/y; International: $586.5 million, +20% y/y
-
Digital/online: $1.41 billion, +18% y/y; Brick-and-mortar retail sales: $18 million, -42% y/y
-
Console: $474.4 million, +17% y/y; Mobile: $792.8 million, +12% y/y; PC: $155.9 million, +51% y/y
-
Operating profit: $21.6 million (compared to a loss of $184.9 million a year ago)
-
Net loss: $11.9 million (a year ago: $262 million), EPS: -$0.07
-
Revenue: $1.50 billion, +12% year-on-year
-
Adjusted EPS: $0.61 (forecast: $0.29)
-
Adjusted EBITDA: $198.2 million (forecast: $124.8 million)
The market reaction shows that confidence in the studio's long-term growth remains high, although expectations for flagship titles such as GTA VI have raised the bar — the company's future valuation on Wall Street will depend on the success of these titles.
The euphoric reaction to the company's results and its rich product pipeline are pushing the company's share price today before the session to recent historic highs. Source: xStation
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
