Take-Two FY27 Q1 net loss widens to $34.1 million; revenue rises 2% to $1.53 billion - TTWO News | RalliesTake-Two FY27 Q1 net loss widens to $34.1 million; revenue rises 2% to $1.53 billion
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TTWO• Outlook
- Management reiterated fiscal 2027 net bookings guidance of USD 8 billion to USD 8.2 billion, citing the planned Nov. 19 launch of Grand Theft Auto VI.
Quarterly results
- Take-Two posted fiscal first-quarter net bookings of USD 1.39 billion, down 3% from a year earlier; GAAP net revenue rose to USD 1.53 billion.
- GAAP net loss widened to USD 34.1 million, or USD 0.18 per share, from a year-earlier loss of USD 11.9 million, or USD 0.07 per share.
- Cost of revenue included a USD 43.4 million impairment charge tied to halting development of an unannounced third-party title.
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