Take-Two Q3 Bookings Up 28% to $1.76 B; Loss Narrows to $92.9 M

Take-Two reported non-GAAP earnings of $1.23 per share for its fiscal third quarter, surpassing the consensus estimate of $0.83 and up from $0.72 in the prior-year period. GAAP net revenue grew to $1.70 billion, a 25% increase over last year’s quarter. The company narrowed its net loss to $92.9 million (a $0.50 loss per share), versus a $125.2 million loss ($0.71 per share) in the same period a year ago. Recurrent consumer spending, driven by virtual currency and in-game purchases, accounted for 77% of GAAP net revenue, up 20% year-over-year.

Total Net Bookings climbed 28% to $1.76 billion, led by titles such as NBA 2K26, Grand Theft Auto Online and Grand Theft Auto V, Toon Blast and Red Dead Redemption 2. Recurrent consumer spending grew 23%, representing 76% of bookings. Management raised its full-year Net Bookings forecast to a range of $6.65–6.70 billion, up from prior guidance, while projecting GAAP net revenues of $6.55–6.60 billion. The company reiterated its November 19th launch date for Grand Theft Auto VI, forecasting it will establish a new financial baseline for Fiscal 2027.

Federated Hermes increased its Take-Two stake by 33.1% in Q3, acquiring 4,708 additional shares to hold 18,950 in total, reflecting confidence from long-term investors. Wedbush Securities added the stock to its Best Ideas list with an ‘Outperform’ rating, citing the strong franchise moat and high potential from the upcoming Grand Theft Auto VI release. A survey of 22 analysts shows 20 with Buy or Strong Buy opinions, underscoring broad market optimism.