Take-Two's Q2 fiscal 2027 net bookings miss guidance as NBA 2K27 falls short of forecast
TTWO•Take-Two reported fiscal second-quarter net bookings of $1.6 billion, below its $1.62 billion-$1.67 billion guidance, citing weaker-than-expected NBA 2K27 performance. Revenue fell 16% to $1.5 billion, while recurrent consumer spending declined 9%.
1. Bookings and spending
Take-Two attributed fiscal second-quarter 2027 net bookings of $1.6 billion, below guidance of $1.62 billion to $1.67 billion, to weaker-than-expected NBA 2K27 performance. Recurrent consumer spending fell 9%, versus a projected 5% decline, and represented 81% of net bookings. Mobile performance met expectations despite a double-digit decline in Color Block Jam net bookings, while the Grand Theft Auto series exceeded forecasts.
2. Expenses and revenue
Revenue declined 16% to $1.5 billion, and cost of revenue fell 20% to $637 million. Operating expenses decreased 9% to $978 million; management-basis expenses beat forecasts because of lower personnel and user acquisition costs.
