TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) Research

Forward Estimates

EPS Estimates

Current Qtr

$-0.21

$-0.32$-0.12

vs $-0.07-199.1%

10 analysts

Next Qtr

$-0.66

$-1.96$0.14

vs $-0.73+9.5%

11 analysts

Current Yr

$1.72

$0.56$4.01

vs $-1.62+206.4%

15 analysts

Next Yr

$5.49

$2.20$8.47

vs $1.72+218.3%

16 analysts

Revenue Estimates

Current Qtr

$1.36B

$1.32B$1.40B

vs $1.42B-4.6%

16 analysts

Next Qtr

$1.82B

$1.63B$2.14B

vs $1.96B-7.4%

16 analysts

Current Yr

$8.60B

$8.03B$10.48B

vs $6.72B+27.9%

19 analysts

Next Yr

$9.22B

$8.36B$11.02B

vs $8.60B+7.2%

18 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for TTWO on EDGAR.

TTWO filing events and research context
Filed	Item	Context
May 22, 2026	business	Take-Two Interactive operates through Rockstar Games, 2K, and Zynga, focusing on high-quality titles across mobile, console, and PC platforms. For the fiscal year ended March 31, 2026, net revenue grew 18.2% to $6,656.4 million, driven by franchises including NBA 2K, Grand Theft Auto, Borderlands, and mobile titles such as Color Block Jam and Toon Blast. Recurrent consumer spending—comprising virtual currency, add-on content, and in-game advertising—accounted for 78.1% of net revenue, while digital online channels represented 97.0% of distribution. Mobile is the largest platform segment at 50.1% of revenue, though it typically yields lower gross margins than console (39.0%) or PC (10.9%) due to third-party platform fees from Apple and Google. A critical financial catalyst is the planned release of Grand Theft Auto VI on November 19, 2026. While the company reported a net loss of $298.2 million for fiscal 2026, this is a significant improvement over the prior year's $4,478.9 million loss, which was primarily driven by $3.5 billion in goodwill impairment. Key risks include heavy revenue concentration in a few franchises, dependence on third-party hardware and app store ecosystems, and macroeconomic pressures such as global tariff policies and currency fluctuations.
May 22, 2026	mda	Take-Two Interactive reported fiscal year 2026 net revenue of $6,656.4 million, an 18.2% increase driven by the NBA 2K, Borderlands, and Grand Theft Auto franchises, alongside mobile titles like Color Block Jam and Toon Blast. Net bookings rose 19% to $6,721.0 million. The company significantly narrowed its net loss to $298.2 million from a prior year loss of $4,478.9 million, which had been heavily impacted by $3.5 billion in goodwill impairment charges. Recurrent consumer spending accounted for 78.1% of net revenue, while digital online channels comprised 97%. Mobile remains the largest platform at 50.1% of revenue, though it yields lower gross margins than console (39%) or PC (10.9%) due to Apple and Google platform fees. A primary financial catalyst is the scheduled release of Grand Theft Auto VI on November 19, 2026. Key risks include high revenue concentration in a few core franchises, dependence on third-party hardware and app store policies, and macroeconomic volatility. Liquidity remains strong with $1,638.1 million in cash and equivalents, supported by a May 2025 public offering and the repayment of 2025 and 2026 Notes.
May 22, 2026	risk_factors	Take-Two Interactive’s financial performance is heavily concentrated in a few hit franchises, most notably Grand Theft Auto and NBA 2K, with significant future growth tied to the planned November 2026 release of Grand Theft Auto VI. The company faces substantial platform risk due to its dependence on Sony, Microsoft, Apple, and Google for distribution and payment processing; any changes to these partners' fee structures or terms of service could materially impact margins. Regulatory scrutiny regarding "loot boxes" and virtual currencies in the European Union, Australia, and Brazil poses a direct threat to monetization models, particularly within Zynga’s mobile portfolio. Technological risks include the integration of artificial intelligence, which presents both competitive threats and legal uncertainties, and ongoing cybersecurity vulnerabilities, evidenced by previous intrusions into Rockstar Games’ systems. Financially, the company manages $2.5 billion in outstanding senior notes and is exposed to foreign currency volatility, with over 40% of revenue generated outside the U.S. Additionally, the business is sensitive to macroeconomic shifts in discretionary consumer spending and evolving data privacy laws, including GDPR and COPPA, which may increase compliance costs or restrict targeted advertising capabilities.

Filed

Item

Context

May 22, 2026

business

Take-Two Interactive operates through Rockstar Games, 2K, and Zynga, focusing on high-quality titles across mobile, console, and PC platforms. For the fiscal year ended March 31, 2026, net revenue grew 18.2% to $6,656.4 million, driven by franchises including NBA 2K, Grand Theft Auto, Borderlands, and mobile titles such as Color Block Jam and Toon Blast. Recurrent consumer spending—comprising virtual currency, add-on content, and in-game advertising—accounted for 78.1% of net revenue, while digital online channels represented 97.0% of distribution. Mobile is the largest platform segment at 50.1% of revenue, though it typically yields lower gross margins than console (39.0%) or PC (10.9%) due to third-party platform fees from Apple and Google. A critical financial catalyst is the planned release of Grand Theft Auto VI on November 19, 2026. While the company reported a net loss of $298.2 million for fiscal 2026, this is a significant improvement over the prior year's $4,478.9 million loss, which was primarily driven by $3.5 billion in goodwill impairment. Key risks include heavy revenue concentration in a few franchises, dependence on third-party hardware and app store ecosystems, and macroeconomic pressures such as global tariff policies and currency fluctuations.

May 22, 2026

mda

Take-Two Interactive reported fiscal year 2026 net revenue of $6,656.4 million, an 18.2% increase driven by the NBA 2K, Borderlands, and Grand Theft Auto franchises, alongside mobile titles like Color Block Jam and Toon Blast. Net bookings rose 19% to $6,721.0 million. The company significantly narrowed its net loss to $298.2 million from a prior year loss of $4,478.9 million, which had been heavily impacted by $3.5 billion in goodwill impairment charges. Recurrent consumer spending accounted for 78.1% of net revenue, while digital online channels comprised 97%. Mobile remains the largest platform at 50.1% of revenue, though it yields lower gross margins than console (39%) or PC (10.9%) due to Apple and Google platform fees. A primary financial catalyst is the scheduled release of Grand Theft Auto VI on November 19, 2026. Key risks include high revenue concentration in a few core franchises, dependence on third-party hardware and app store policies, and macroeconomic volatility. Liquidity remains strong with $1,638.1 million in cash and equivalents, supported by a May 2025 public offering and the repayment of 2025 and 2026 Notes.

May 22, 2026

risk_factors

Take-Two Interactive’s financial performance is heavily concentrated in a few hit franchises, most notably Grand Theft Auto and NBA 2K, with significant future growth tied to the planned November 2026 release of Grand Theft Auto VI. The company faces substantial platform risk due to its dependence on Sony, Microsoft, Apple, and Google for distribution and payment processing; any changes to these partners' fee structures or terms of service could materially impact margins. Regulatory scrutiny regarding "loot boxes" and virtual currencies in the European Union, Australia, and Brazil poses a direct threat to monetization models, particularly within Zynga’s mobile portfolio. Technological risks include the integration of artificial intelligence, which presents both competitive threats and legal uncertainties, and ongoing cybersecurity vulnerabilities, evidenced by previous intrusions into Rockstar Games’ systems. Financially, the company manages $2.5 billion in outstanding senior notes and is exposed to foreign currency volatility, with over 40% of revenue generated outside the U.S. Additionally, the business is sensitive to macroeconomic shifts in discretionary consumer spending and evolving data privacy laws, including GDPR and COPPA, which may increase compliance costs or restrict targeted advertising capabilities.

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TTWO filing events and research context

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