Q3 2026 Take-Two Interactive Software Inc Earnings Call Transcript
Key Points
- Take-Two Interactive Software Inc (TTWO) reported net bookings of $1.76 billion, surpassing the high end of their guidance.
- The company raised its full fiscal year outlook, expecting net bookings to range from $6.65 billion to $6.7 billion, representing 18% growth compared to fiscal 2025.
- Mobile business showed strong performance with Toon Blast growing 43% year over year and surpassing $3 billion in lifetime net bookings.
- NBA 2K26 delivered significant upside, with recurrent consumer spending, daily active users, and my career daily active users all growing 30% year over year.
- Grand Theft Auto series outpaced forecasts with recurrent consumer spending growth of 27%, and GTA+ membership levels nearly doubling over the same period last year.
- Operating expenses increased by 10% to $984 million, which could impact profitability.
- The market has shown concerns about the impact of AI on the video game industry, affecting stock performance.
- There is a modest decline projected for Grand Theft Auto Online in the upcoming quarter.
- The company faces challenges in launching new mobile titles due to a tough market environment.
- Despite strong performance, the company acknowledges the difficulty in consistently creating new hits in the mobile gaming sector.
Hello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q3 fiscal year 2026 quarterly earnings results call. (Operator Instructions)
I would now like to turn the call over to Nicole Shevins, Senior Vice President, Investor Relations and Corporate Communications. Nicole, please go ahead.
Good afternoon. Thank you for joining our conference call to discuss our results for the third quarter of fiscal year 2026 ended December 31, 2025. Today's call will be led by Strauss Zelnick, Take-Two's Chairman and Chief Executive Officer; Karl Slatoff, our President; and Lainie Goldstein, our Chief Financial Officer. We will be available to answer your questions during the Q&A session following our prepared remarks.
Before we begin, I'd like to remind everyone that statements made during this call that are not historical facts are
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