Take-Two Interactive Software delivered impressive results for its fiscal first quarter, exceeding analysts’ expectations and slightly raising its annual guidance. Following the announcement, the company’s stock surged in after-hours trading.
For the quarter ending June 30, Take-Two reported an adjusted earnings per share of 61 cents and net bookings totaling $1.42 billion. This performance outpaced the consensus forecast, which anticipated earnings of 29 cents per share and net bookings of $1.31 billion. The previous year’s performance saw the company earning an adjusted 5 cents per share on bookings of $1.22 billion, highlighting a significant year-over-year improvement.
Looking ahead, Take-Two forecasts earnings of approximately 90 cents per share with net bookings expected to be around $1.63 billion for the current quarter. While this outlook is based on their estimates, analysts had predicted higher earnings of $1.17 per share and net bookings of $1.76 billion for the same period. In the prior year, the company achieved adjusted earnings of 66 cents per share on net bookings of $1.47 billion.
Furthermore, Take-Two raised its full-year guidance for fiscal 2026, now projecting earnings of 2.76 per share and net bookings of $6.1 billion. Analysts were forecasting earnings of 2.74 per share with net bookings of $6.05 billion. In fiscal 2025, the company reported earnings of 2.52 per share on bookings of $5.65 billion.
CEO Strauss Zelnick expressed excitement about the company’s ambitious game release schedule, calling it the strongest in Take-Two’s history. Upcoming titles such as “Mafia: The Old Country,” “NBA 2K26,” and “Borderlands 4” are set to launch this fall, with “Grand Theft Auto 6” expected on May 26. Zelnick emphasized the vibrant lineup and shared that the latest edition of “NBA 2K25” has already seen sales of 11.5 million units, surpassing last year’s figures at the same point in time.
Additionally, the blend of new content and anticipation for “GTA 6” has fueled strong engagement for “Grand Theft Auto Online,” positioning the company well for future growth.
In after-hours trading, Take-Two’s stock increased over 3%, reaching 234.27, after a slight decline of 0.3% during regular trading hours.
With a robust portfolio and a promising outlook, Take-Two continues to make strides in a competitive industry, signaling confidence in delivering value to its shareholders.
