Q1 2026 Take-Two Interactive Software Inc Earnings Call Transcript
Key Points
- Take-Two Interactive Software Inc (TTWO) reported net bookings for the first quarter exceeding $1.4 billion, surpassing expectations.
- The company raised its net bookings outlook for fiscal 2026 to $6.05 billion to $6.15 billion, indicating strong confidence in future performance.
- Mobile titles such as Toon Blast and Match Factory showed significant growth, with Toon Blast growing 22% year-over-year.
- Grand Theft Auto 5 has sold over 215 million units worldwide, with strong engagement in Grand Theft Auto Online.
- NBA 2K25 delivered strong results, selling over 11.5 million units and showing a 48% growth in recurrent consumer spending.
- Despite strong performance, there is an expectation of moderation in growth for mature mobile titles.
- Operating expenses are expected to grow by approximately 5% year-over-year, driven by higher personnel costs and increased marketing spend.
- Grand Theft Auto Online is expected to see a decline in recurrent consumer spending.
- The company faces potential challenges from a broader economic slowdown, which could impact consumer spending.
- There is uncertainty regarding the impact of alternative app stores on Android and how it might affect user acquisition and monetization.
Thank you for standing by. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the first quarter fiscal year '26 Take-two Interactive Software earnings call. (Operator Instructions)
It is now my pleasure to turn the call over to Nicole Shevins, Senior Vice President of Investor Relations and Corporate Communications. You may begin.
Good afternoon. Thank you for joining our conference call to discuss our results for the first quarter of fiscal year 2026 end of June 30, 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
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