Take-Two Interactive beats Q1 2027 estimates, keeps GTA VI on track
As seen on the 24/7 Wall St. homepage on August 7, 2026.
Take-Two topped both lines and reiterated its $8.0 to $8.2 billion FY27 Net Bookings outlook, keeping the November 19 launch of Grand Theft Auto VI on schedule. An impairment from a cancelled third-party title widened the loss, but recurrent consumer spending still carried the quarter.
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Take-Two reported a Q1 2027 loss of $0.18 per share, beating the consensus estimate of roughly $0.21 by about 14%. Revenue came in at $1.53 billion, clearing Wall Street's forecast of $1.36 billion by nearly 13%. A write-down tied to a cancelled third-party title dragged on the bottom line, but the headline numbers still came in ahead of expectations on both measures.
The company reaffirmed its full-year fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion, and confirmed the November 19 launch date for Grand Theft Auto VI remains unchanged. Recurrent consumer spending — the steady stream of in-game purchases across existing titles — was cited as a key driver of the quarter, helping offset the one-time impairment charge.
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Take-Two has now beaten the consensus EPS estimate in each of the past eight reported quarters, a streak that stretches back to Q2 2025. With GTA VI arriving in November, the next few quarters will be closely watched for any shift in pre-launch spending trends and whether the bookings guidance holds as the release date approaches.
Mentioned: TTWO