Take-Two Interactive Software, Inc. (TTWO) Earnings Call Transcripts

Take-Two Interactive Software, Inc.'s Latest Earnings Call - Q2 FY2027

In the second quarter of fiscal year 2027, Take-Two Interactive reported net bookings of $1.6 billion, slightly below the guidance range of $1.62 billion to $1.67 billion. The company reiterated its fiscal 2027 net bookings outlook of $8 billion to $8.2 billion, driven by strong preorders for Grand Theft Auto VI and expected growth in recurrent consumer spending for NBA 2K '27. GAAP net revenue decreased 16% to $1.5 billion, with recurrent consumer spending down 9%, primarily due to NBA 2K performance.

Reported metrics

Guidance from management

Management maintained its fiscal 2027 net bookings outlook of $8 billion to $8.2 billion and projected Q3 net bookings to range from $3.35 billion to $3.5 billion. They expect recurrent consumer spending to increase by approximately 12% in Q3.

What management said

Thanks, Lainie and Karl. On behalf of our entire management team, I'd like to once again thank our colleagues for their contributions to our success. And to our shareholders, I want to express our appreciation for your continued support. We'll now take your questions. Operator?

Thanks, Chris. On the first point, we're days away from the launch of GTA VI, and we tend to avoid claiming success before it occurs. So as soon as we have some experience for launch, we're going to be very happy to describe what's going on and how we see it. There is really no need to update numbers right now. On the second point, any information about new SKUs and the like will always come from our labels.

What analysts pressed on

Analysts expressed concerns regarding the performance of NBA 2K '27, questioning whether the decline was due to the absence of prior generation SKUs or other market factors. There were also inquiries about the impact of rising console prices on accessibility and future sales.

Main topics on the call

• Grand Theft Auto VI Preorders — Preorders for Grand Theft Auto VI are tracking 'far in excess of our initial expectations,' indicating strong consumer interest ahead of the game's launch. Management expressed confidence that the upcoming release will s...
• NBA 2K '27 Performance — NBA 2K '27 achieved the second highest net bookings performance in the series' history but fell short of management's forecasts. Management expects an 'acceleration of net bookings and engagement during the second half o...
• Mobile Business Stability — Take-Two's mobile business performed in line with expectations, with net bookings for Toon Blast growing 4% year-over-year. Management highlighted the importance of mobile as a 'significant driver of revenue and margins....
• Operating Expenses and Cost Management — Operating expenses decreased 9% year-over-year, attributed to lower personnel and user acquisition costs. Management noted that this was 'favorable to our forecast,' indicating effective cost management strategies.

Read the full Take-Two Interactive Software, Inc. transcript (Q2 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 40 Take-Two Interactive Software, Inc. earnings call transcripts on record, spanning February 6, 2020 to November 9, 2026. Based on this history, Take-Two Interactive Software, Inc. reports quarterly. The most recent call on file is dated November 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TTWO

Exchange

NasdaqGS

Country

US

Sector

Communication Services

Industry

Entertainment

Calls on record

40

First call

February 6, 2020

Most recent

November 9, 2026

Reporting cadence

quarterly