Q2 26 EPS
$-0.73
MISS 17.10%
Est. $-0.62
Q2 26 Revenue
$1.77B
BEAT +2.16%
Est. $1.74B
vs S&P Since Q2 26
-9.5%
TRAILING MARKET
TTWO +3.0% vs S&P +12.5%
Market Reaction
Did TTWO Beat Earnings? Q2 2026 Results
Take-Two Interactive posted a strong fiscal second quarter, reporting GAAP net revenue of $1.77 billion, up 31% year-over-year, while narrowing its GAAP net loss to $133.90 million from $365.50 million in the prior-year period, translating to a loss … Read more Take-Two Interactive posted a strong fiscal second quarter, reporting GAAP net revenue of $1.77 billion, up 31% year-over-year, while narrowing its GAAP net loss to $133.90 million from $365.50 million in the prior-year period, translating to a loss of $0.73 per share. The headline driver was a 33% surge in Net Bookings to $1.96 billion, fueled by NBA 2K26, Borderlands 4, and the company's expanding live services ecosystem, with recurrent consumer spending representing 73% of total Net Bookings. Non-GAAP EBITDA swung to a positive $116.70 million from a loss of $75.50 million a year earlier, reflecting meaningful operating leverage. The results arrived alongside a pivotal announcement: Grand Theft Auto VI now has a confirmed launch date of November 19, 2026, a delay that briefly rattled investors despite otherwise impressive financials. Management raised its full-year FY2026 Net Bookings outlook to $6.40–$6.50 billion and signaled expectations for record Net Bookings in FY2027, a trajectory that has analysts asking whether GTA VI can justify a far higher valuation.
Key Takeaways
- • Net Bookings grew 33% YoY to $1.96 billion, exceeding guidance
- • Recurrent consumer spending grew 20% and accounted for 73% of total Net Bookings
- • Strong performance from NBA 2K26 and NBA 2K25 launches
- • Borderlands 4 launch contributed significantly to quarter
- • Mobile and live services momentum across Zynga titles including Toon Blast, Match Factory!, and Color Block Jam
- • Grand Theft Auto Online and Grand Theft Auto V continued strong engagement
- • Mafia: The Old Country new release contribution
TTWO YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
TTWO Revenue by Segment
With YoY comparisons, source: SEC Filings
TTWO Revenue by Geography
With YoY comparisons, source: SEC Filings
“We achieved outstanding second quarter results by releasing new hit titles, driving innovation in live services, and maintaining our commitment to developing the highest quality products. With momentum across our business, particularly in mobile and NBA 2K, we are raising our Fiscal Year 2026 Net Bookings forecast for the second consecutive quarter. Rockstar Games will now release Grand Theft Auto VI on November 19, 2026, and we remain both excited and confident they will deliver an unrivalled blockbuster entertainment experience. With the most robust pipeline in our Company's history, we expect to achieve record levels of Net Bookings in Fiscal 2027, which will establish a new baseline for our business and set us on a path of enhanced profitability.”
— Strauss Zelnick, Q2 2026 Earnings Press Release
TTWO Earnings Trends
TTWO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TTWO EPS Trend
Earnings per share: estimate vs actual
TTWO Revenue Trend
Quarterly revenue: estimate vs actual
TTWO Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 FY | — | — | — | $1.68B | — |
| FY Full Year | — | — | — | $6.66B | — |
| Q3 26 MISS | $0.83 | $-0.50 | -160.24% | $1.70B | +7.59% |
| Q2 26 MISS | $-0.62 | $-0.73 | -17.10% | $1.77B | +2.16% |
| Q1 26 MISS | $0.27 | $-0.07 | -125.93% | $1.50B | +14.49% |
| Q4 25 MISS FY | $-0.05 | $-21.08 | -42,920.41% | $1.58B | +1.82% |
| FY Full Year | $-4.31 | $-25.58 | -493.71% | $5.63B | +0.21% |
| Q1 25 | $-0.02 | — | — | $1.34B | +6.78% |
| Q3 24 | $0.72 | — | — | — | — |
| Q4 23 MISS FY | $0.67 | $-3.62 | -640.30% | $1.45B | +8.00% |
| FY Full Year | — | $-7.03 | — | $5.35B | — |