Q4 2026 Take-Two Interactive Software Inc Earnings Call Transcript
Key Points
- Take-Two Interactive Software Inc (TTWO) reported fourth-quarter net bookings of $1.58 billion, exceeding the high end of their guidance range.
- The company achieved record net bookings of $6.7 billion for the fiscal year, surpassing initial guidance by approximately $750 million.
- NBA 2K delivered record net bookings and recurrent consumer spending, while Zynga achieved its highest level of net bookings since its acquisition.
- The Grand Theft Auto series exceeded expectations, with significant growth in recurrent consumer spending and engagement.
- Fiscal 2027 is projected to be a breakout year with anticipated record net bookings of $8 billion to $8.2 billion, driven by the release of Grand Theft Auto VI.
- NBA 2K's fourth-quarter performance was softer than anticipated, with trends moderating from earlier extreme growth.
- Recurrent consumer spending is expected to be flat in fiscal 2027, with mobile spending projected to decline due to the maturity of certain Zynga titles.
- Operating expenses are expected to increase significantly due to higher marketing and R&D costs, impacting margins.
- The company faces challenges in accurately predicting the performance of new mobile titles due to low hit ratios.
- There is uncertainty regarding the trajectory of Grand Theft Auto Online's performance following the release of Grand Theft Auto VI.
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 fourth quarter and fiscal year 2026 and Take-Two Interactive Software 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 fourth quarter and fiscal year 2026 ended March 31, 2026.
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 states made during this call
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
