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Take-Two keeps FY2027 revenue guidance steady despite weak Q1 bookings
Net bookings fell 3.0% year over year to $1.39 billion, while Take-Two cited hardware and AI-related memory shortages for the industry backdrop.
Take-Two Interactive reported Q1 fiscal 2027 results on Aug. 7, the last quarter of reported data before the Nov. 19 launch of Grand Theft Auto VI. With GTA VI pre-orders beginning to roll in, investors were looking for updated fiscal 2027 revenue guidance in a period the company describes as “unprecedented and astonishing,” according to MarketBeat Ratings.
Despite that anticipation, the company left its fiscal 2027 net bookings outlook unchanged at $8.0 billion to $8.2 billion, unchanged from prior guidance. Management also maintained its full-year GAAP revenue range and diluted EPS outlook, with GAAP revenue previously set at $7.8 billion to $7.9 billion and diluted EPS at 55 cents to 75 cents.
In Q1, net bookings declined 3.0% year over year to $1.39 billion, and gross margin compressed during the quarter. The earnings picture was also pressured by a $43.4 million impairment charge tied to the cancellation of an unannounced game title, MarketBeat Ratings said.
The report also highlighted strong performance in NBA 2K26, with sales of over 12 million units, while the broader industry remained affected by hardware shortages and AI-related memory constraints. MarketBeat Ratings said Take-Two’s guidance did not provide the clarity investors were seeking ahead of GTA VI’s release.