Take-Two reported net bookings for the first quarter of 2026 that were "significantly above guidance range," reaching $1.42 billion
Take-Two Interactive posted impressive financial performance for its first fiscal quarter, with net bookings surging 16% to $1.42 billion, surpassing the projected range of $1.25 billion to $1.3 billion.
Given these outcomes, the company has increased its expectations for the second quarter, forecasting net bookings between $6.05 billion and $6.15 billion.
This growth is attributed to unexpected success in mobile games and the thriving Grand Theft Auto series from Rockstar.
Financial Summary
For the period concluding on June 30, 2025:
- Net revenue: $1.5 billion, marking a 12% rise from the previous year.
- Net loss: Reduced to $12 million from the $262 million loss in the prior year's quarter.
- Total net bookings: $1.42 billion, increasing by 16% annually.
Key Developments
The first quarter of fiscal 2026 saw notable company-wide growth, especially for Rockstar Games, partly fueled by the tremendous reception of Grand Theft Auto 6's second trailer.
This trailer broke records with over 475 million views, enhancing involvement with GTA Online. This success led to a higher than anticipated rise in both consumer spending and new player registrations, which jumped 50% from the previous year.
Consumer spending overall grew by 17%, surpassing Take-Two's expected 7% increase, and made up 83% of net bookings.
2K Games also showed robust performance, as NBA 2K25 reached sales of over 11.5 million copies. This title's daily active users increased by 30%, leading to a 48% surge in ongoing consumer spending.
Mobile games exceeded projections, with titles like Toon Blast, Match Factory, NBA 2K All-Star, and Color Block Jam contributing significantly.
Rollic's Color Block Jam emerged as its top-earning game ever, dominating charts during the first quarter. Meanwhile, 2K's WWE SuperCard achieved over 37 million lifetime downloads.
Strauss Zelnick, chairman and CEO of Take-Two, stated, "Our outstanding first quarter results reflect ongoing demand for our core franchises and the increasingly diversified, successful nature of our business."
Looking forward, Take-Two expects a 4% increase in consumer spending, constituting 76% of net bookings.
The company foresees its net bookings distribution as 45% from Zynga, 39% from 2K, and 16% from Rockstar Games.
With high expectations for upcoming releases like Mafia: The Old Country, NBA 2K26, and Borderlands 4, Take-Two expressed confidence in achieving record net bookings by fiscal 2027, setting up a promising trajectory for profitability.