Take-Two Beats Q4 Estimates but Lowers Revenue Outlook for 2027

Take-Two Interactive Software reported a mixed financial performance for its fiscal fourth quarter, beating near-term expectations but offering a full-year outlook that fell short of Wall Street projections. The company also officially reaffirmed the November 19, 2026, release date for its highly anticipated title, Grand Theft Auto VI.

For the quarter ended March 31, the video game publisher posted a net loss of $59.5 million, or 32 cents per share. This result surpassed analyst predictions, which had anticipated a loss of 57 cents per share. The company’s revenue for the period was $1.68 billion, with adjusted revenue, often referred to as net bookings, reaching $1.58 billion. This also exceeded the consensus forecast of $1.55 billion.

CEO Strauss Zelnick characterized the quarter and the full fiscal year as outstanding, noting a 6% year-over-year increase in revenue for fiscal 2026. The company provided its initial guidance for the upcoming fiscal year 2027, forecasting earnings per share in the range of $5.75 to $6.00, which is above current analyst estimates. However, its revenue forecast of $8.0 billion to $8.2 billion for the year fell significantly short of the Wall...