TAKE TWO INTERACTIVE SOFTWARE INC 8K

Take-Two Interactive furnished its fiscal Q1 2027 earnings and updated full-year and Q2 2027 outlook, including a small quarterly GAAP net loss driven partly by an impairment charge, while reiterating strong Net Bookings expectations supported by upcoming releases like Grand Theft Auto VI.

Take-Two Interactive Software, Inc. filed a Form 8‑K to furnish its fiscal first quarter 2027 results for the period ended June 30, 2026, reporting Net Bookings of $1.39 billion (down 3% year over year but slightly above guidance), GAAP net revenue of $1.53 billion, and a GAAP net loss of $34.1 million, which included a $43.4 million impairment charge tied to the decision to discontinue development of an unannounced third‑party title. The company highlighted strong performance from key franchises such as NBA 2K and Grand Theft Auto, reiterated its full-year Net Bookings outlook of $8.0 to $8.2 billion, and updated its fiscal 2027 guidance including projected GAAP net income of $104–$143 million, EBITDA of $993–$1,053 million, and operating cash flow over $1.0 billion. Management also provided guidance for the fiscal second quarter ending September 30, 2026, forecasting net revenue of $1.42–$1.47 billion, Net Bookings of $1.62–$1.67 billion, and a GAAP net loss of $157–$140 million, and discussed the upcoming release schedule, notably the planned November 19, 2026 launch of Grand Theft Auto VI, while reiterating key assumptions and risk factors underpinning the outlook.

Filing Facts

CIK

946581

Ticker

TTWO

Form

8K

Source Type

sec

Accession

0001628280-26-054580

Alert Tier

7