Take-Two Raises Full-Year Net Bookings Outlook to $6.7B Amid Strong Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy TTWO?
Source: seekingalpha
- Upgraded Full-Year Outlook: Take-Two raises its fiscal 2026 net bookings outlook to $6.7 billion, driven by strong growth in mobile and core franchises, indicating the company's robust appeal in a competitive market.
- Q3 Performance Beats Expectations: In its latest earnings report, Take-Two announced that Q3 bookings exceeded market expectations, showcasing the popularity of its product lineup and sustained market demand, further solidifying its position in the gaming industry.
- Intensifying Market Competition: Despite fierce competition from casual gaming, Take-Two demonstrates strong market performance, highlighting the appeal of its core games and brand loyalty, which may lay the groundwork for future growth.
- Positive Stock Reaction: Following the upgraded outlook and better-than-expected performance, Take-Two's stock price rises, reflecting investor confidence in the company's growth potential and possibly attracting more institutional investor interest.
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Analyst Views on TTWO
Wall Street analysts forecast TTWO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTWO is 286.77 USD with a low forecast of 270.00 USD and a high forecast of 300.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
14 Buy
0 Hold
0 Sell
Strong Buy
Current: 221.810
Low
270.00
Averages
286.77
High
300.00
Current: 221.810
Low
270.00
Averages
286.77
High
300.00
About TTWO
Take-Two Interactive Software, Inc. is a developer, publisher, and marketer of interactive entertainment for consumers around the globe. The Company develops and publishes products principally through Rockstar Games, 2K, and Zynga. Its products are designed for console gaming systems, including, but not limited to, the Sony Computer Entertainment, Inc. (Sony) PlayStation4 (PS4) and PlayStation5 (PS5), the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox Series XS (Xbox Series XS), and the Nintendo Switch (Switch), as well as mobile, including smartphones and tablets, and personal computers (PC). It delivers its products through physical retail, digital download, online platforms, and cloud streaming services. It sells software titles both digitally and physically through direct relationships with digital storefronts and platform partners, large retail customers, and third-party distributors. It also sells advertising within a number of its games, primarily in mobile.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Take-Two Reports Q3 Earnings Beat with Strong Revenue Growth
- Earnings Highlights: Take-Two's Q3 GAAP EPS of -$0.50 missed expectations by $0.11, yet revenue reached $1.7 billion, reflecting a 25% year-over-year increase and beating estimates by $120 million, indicating robust market performance.
- Net Bookings Growth: The company reported net bookings of $1.76 billion for the third quarter, exceeding guidance, which underscores sustained demand for gaming, with fiscal year 2026 net bookings expected to range from $6.65 to $6.7 billion, showcasing a positive outlook.
- Financial Outlook: Total net revenue for fiscal year 2026 is projected between $6.55 billion and $6.6 billion; despite rising costs and operating expenses, the company maintains strong cash flow with approximately $450 million generated from operating activities.
- Market Reaction: Take-Two's stock rose by 10%, reflecting investor confidence in the company's growth potential, particularly in light of strategic initiatives related to new game releases and market expansion amidst competitive pressures.
See More
Take-Two Raises Full-Year Net Bookings Outlook to $6.7B Amid Strong Performance
- Upgraded Full-Year Outlook: Take-Two raises its fiscal 2026 net bookings outlook to $6.7 billion, driven by strong growth in mobile and core franchises, indicating the company's robust appeal in a competitive market.
- Q3 Performance Beats Expectations: In its latest earnings report, Take-Two announced that Q3 bookings exceeded market expectations, showcasing the popularity of its product lineup and sustained market demand, further solidifying its position in the gaming industry.
- Intensifying Market Competition: Despite fierce competition from casual gaming, Take-Two demonstrates strong market performance, highlighting the appeal of its core games and brand loyalty, which may lay the groundwork for future growth.
- Positive Stock Reaction: Following the upgraded outlook and better-than-expected performance, Take-Two's stock price rises, reflecting investor confidence in the company's growth potential and possibly attracting more institutional investor interest.
See More
Take-Two Interactive Reports Strong Q3 2026 Earnings, Raises Full-Year Outlook
- Earnings Beat: Take-Two reported net bookings of $1.76 billion for Q3 2026, significantly exceeding the guidance range of $1.55 billion to $1.6 billion, indicating strong performance in both core and mobile segments, which is expected to drive future revenue growth.
- Mobile Strength: The mobile game Toon Blast grew 43% year-over-year, surpassing $3 billion in lifetime net bookings, demonstrating the company's increasing competitiveness in the mobile market, while other titles like Empires & Puzzles and Words with Friends also saw growth of 11% and 6%, respectively, further solidifying market position.
- Upgraded Full-Year Outlook: The company raised its full fiscal year net bookings outlook to $6.65 billion to $6.7 billion, an 18% increase from the previous range of $6.4 billion to $6.5 billion, reflecting optimistic expectations for key titles, with recurrent consumer spending projected to grow approximately 17%, representing 78% of net bookings.
- New Product Launch Plans: Take-Two is set to release Grand Theft Auto VI on November 19, alongside multiple new content launches including WWE 2K26 and Civilization VII mobile expansion, showcasing strong confidence in its future product pipeline, which is expected to further drive revenue growth.
See More
Take-Two Shares Rise on Upgraded Forecast Amid Q3 Bookings Beat
- Earnings Performance: Take-Two reported Q3 revenue of $1.7 billion, exceeding market expectations by $120 million, indicating strong performance in the gaming market, although GAAP EPS of -$0.50 missed estimates by $0.11, reflecting pressure on profitability.
- Market Reaction: The stock price of Take-Two rose following an upgraded financial forecast, suggesting increased investor confidence in the company's future growth potential, particularly in the highly competitive casual gaming market.
- Competitive Landscape: Despite fierce competition from other casual game developers, Take-Two demonstrates strong market adaptability, especially in launching new games and expanding existing product lines, which may further enhance its market share.
- Strategic Outlook: The management's optimistic outlook for the future, particularly regarding the potential release of GTA VI, could attract more investor attention, thereby providing the company with long-term growth opportunities.
See More
Take-Two (TTWO) Q3 2026 Earnings Call Transcript
See More
Multiple Companies Show Poor After-Hours Trading Performance
- Chipotle Traffic Decline: Chipotle reported a fourth consecutive quarter of declining restaurant traffic, leading to a 6% drop in stock price and projecting flat same-store sales growth for 2026, which could hinder its market competitiveness and future growth potential.
- Corteva Sales Miss: Corteva's stock fell 5% after reporting a fourth-quarter sales miss, impacted by falling crop prices and geopolitical tensions, which may lead to weakened demand and affect the company's performance going forward.
- AMD Revenue Guidance Below Analysts: AMD shares declined about 7% as it projected first-quarter revenue at $9.8 billion, below analysts' expectations of $9.38 billion, although its non-GAAP gross margin aligned with market estimates, potentially affecting investor confidence.
- Enphase Energy Strong Guidance: Enphase Energy's stock jumped about 19% as it issued a revenue guidance range of $270 million to $300 million for the first quarter, exceeding market expectations, indicating robust growth potential in the renewable energy sector.
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Take-Two Reports Q3 Earnings Beat with Strong Revenue Growth
- Earnings Highlights: Take-Two's Q3 GAAP EPS of -$0.50 missed expectations by $0.11, yet revenue reached $1.7 billion, reflecting a 25% year-over-year increase and beating estimates by $120 million, indicating robust market performance.
- Net Bookings Growth: The company reported net bookings of $1.76 billion for the third quarter, exceeding guidance, which underscores sustained demand for gaming, with fiscal year 2026 net bookings expected to range from $6.65 to $6.7 billion, showcasing a positive outlook.
- Financial Outlook: Total net revenue for fiscal year 2026 is projected between $6.55 billion and $6.6 billion; despite rising costs and operating expenses, the company maintains strong cash flow with approximately $450 million generated from operating activities.
- Market Reaction: Take-Two's stock rose by 10%, reflecting investor confidence in the company's growth potential, particularly in light of strategic initiatives related to new game releases and market expansion amidst competitive pressures.
See More
Take-Two Raises Full-Year Net Bookings Outlook to $6.7B Amid Strong Performance
- Upgraded Full-Year Outlook: Take-Two raises its fiscal 2026 net bookings outlook to $6.7 billion, driven by strong growth in mobile and core franchises, indicating the company's robust appeal in a competitive market.
- Q3 Performance Beats Expectations: In its latest earnings report, Take-Two announced that Q3 bookings exceeded market expectations, showcasing the popularity of its product lineup and sustained market demand, further solidifying its position in the gaming industry.
- Intensifying Market Competition: Despite fierce competition from casual gaming, Take-Two demonstrates strong market performance, highlighting the appeal of its core games and brand loyalty, which may lay the groundwork for future growth.
- Positive Stock Reaction: Following the upgraded outlook and better-than-expected performance, Take-Two's stock price rises, reflecting investor confidence in the company's growth potential and possibly attracting more institutional investor interest.
See More
Take-Two Interactive Reports Strong Q3 2026 Earnings, Raises Full-Year Outlook
- Earnings Beat: Take-Two reported net bookings of $1.76 billion for Q3 2026, significantly exceeding the guidance range of $1.55 billion to $1.6 billion, indicating strong performance in both core and mobile segments, which is expected to drive future revenue growth.
- Mobile Strength: The mobile game Toon Blast grew 43% year-over-year, surpassing $3 billion in lifetime net bookings, demonstrating the company's increasing competitiveness in the mobile market, while other titles like Empires & Puzzles and Words with Friends also saw growth of 11% and 6%, respectively, further solidifying market position.
- Upgraded Full-Year Outlook: The company raised its full fiscal year net bookings outlook to $6.65 billion to $6.7 billion, an 18% increase from the previous range of $6.4 billion to $6.5 billion, reflecting optimistic expectations for key titles, with recurrent consumer spending projected to grow approximately 17%, representing 78% of net bookings.
- New Product Launch Plans: Take-Two is set to release Grand Theft Auto VI on November 19, alongside multiple new content launches including WWE 2K26 and Civilization VII mobile expansion, showcasing strong confidence in its future product pipeline, which is expected to further drive revenue growth.
See More
Take-Two Shares Rise on Upgraded Forecast Amid Q3 Bookings Beat
- Earnings Performance: Take-Two reported Q3 revenue of $1.7 billion, exceeding market expectations by $120 million, indicating strong performance in the gaming market, although GAAP EPS of -$0.50 missed estimates by $0.11, reflecting pressure on profitability.
- Market Reaction: The stock price of Take-Two rose following an upgraded financial forecast, suggesting increased investor confidence in the company's future growth potential, particularly in the highly competitive casual gaming market.
- Competitive Landscape: Despite fierce competition from other casual game developers, Take-Two demonstrates strong market adaptability, especially in launching new games and expanding existing product lines, which may further enhance its market share.
- Strategic Outlook: The management's optimistic outlook for the future, particularly regarding the potential release of GTA VI, could attract more investor attention, thereby providing the company with long-term growth opportunities.
See More
Take-Two (TTWO) Q3 2026 Earnings Call Transcript
See More
Multiple Companies Show Poor After-Hours Trading Performance
- Chipotle Traffic Decline: Chipotle reported a fourth consecutive quarter of declining restaurant traffic, leading to a 6% drop in stock price and projecting flat same-store sales growth for 2026, which could hinder its market competitiveness and future growth potential.
- Corteva Sales Miss: Corteva's stock fell 5% after reporting a fourth-quarter sales miss, impacted by falling crop prices and geopolitical tensions, which may lead to weakened demand and affect the company's performance going forward.
- AMD Revenue Guidance Below Analysts: AMD shares declined about 7% as it projected first-quarter revenue at $9.8 billion, below analysts' expectations of $9.38 billion, although its non-GAAP gross margin aligned with market estimates, potentially affecting investor confidence.
- Enphase Energy Strong Guidance: Enphase Energy's stock jumped about 19% as it issued a revenue guidance range of $270 million to $300 million for the first quarter, exceeding market expectations, indicating robust growth potential in the renewable energy sector.
See More
