Take-Two reported GAAP net revenue of $1.70 billion for the quarter ended December 31, 2025, a 25 percent increase over the prior year, driven by strong performance in NBA 2K26, Grand Theft Auto Online and Grand Theft Auto V. Net bookings rose 28 percent to $1.76 billion, exceeding the company’s guidance range; recurrent consumer spending accounted for 76 percent of bookings. The company narrowed its GAAP net loss to $92.9 million, or $0.50 per share, compared with a loss of $125.2 million, or $0.71 per share, a year earlier.

Take-Two raised its full-year FY 2026 net bookings outlook to $6.65–6.70 billion from a prior range of $6.50–6.60 billion, reflecting continued momentum in live service titles and recurring revenue. The company now expects GAAP net revenue of $6.55–6.60 billion and non-GAAP EBITDA of $657–681 million. Operationally, management forecasts net cash from operations of approximately $450 million and capital expenditures near $180 million for the year ending March 31, 2026.

Take-Two exited the quarter with $2.16 billion in cash and equivalents, underpinning its financial runway despite ongoing quarterly losses. Net bookings contributions were broad-based, led by NBA 2K26, Red Dead Redemption 2 and mobile titles such as Toon Blast and Empires & Puzzles. Investors will monitor the November 19, 2026 launch of Grand Theft Auto VI, which management projects will establish a new baseline for bookings and profitability in FY 2027, as well as the expansion of the live services pipeline on current console and mobile platforms.