Take-Two beats Q3 revenue expectations, ups FY net bookings forecast

Overview

• Video game publisher's Q3 net bookings rose 28% to $1.76 bln, above co's guidance range

• Q3 GAAP net revenue was $1.70 bln, beating analysts' expectations

• Company raised fiscal year 2026 net bookings outlook to $6.65-$6.7 bln

Outlook

• Take-Two raises fiscal year 2026 Net Bookings outlook to $6.65 bln-$6.7 bln

• Company expects fiscal Q4 Net Bookings between $1.51 bln and $1.56 bln

• Take-Two projects record Net Bookings in fiscal 2027 with GTA VI launch

Result Drivers

• LABEL PERFORMANCE - Strong performance across all labels drove Q3 results, with key contributions from NBA 2K26 and Grand Theft Auto titles

• RECURRING SPENDING - Recurrent consumer spending grew 23%, making up 76% of total net bookings

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for Take-Two Interactive Software Inc is $280.00, about 26.2% above its February 2 closing price of $221.81

• The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nBw7QbNZ2a

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