Shares of Take-Two Interactive Software program, Inc. (NASDAQ: TTWO) fell 8% on Friday. The corporate delivered sturdy outcomes for the second quarter of 2026 and raised its full-year outlook however a delay within the launch of Grand Theft Auto VI damage the inventory. Right here’s a take a look at the quarterly efficiency:
Q2 numbers
Take-Two’s internet income elevated 31% to $1.77 billion within the second quarter of 2026 in comparison with the identical interval a yr in the past. Internet loss amounted to $0.73 per share in comparison with a lack of $2.08 per share final yr.
Enterprise efficiency
In Q2, TTWO’s internet bookings grew 33% year-over-year to $1.96 billion, coming manner forward of the corporate’s expectations. The biggest contributions to bookings got here from core franchises like NBA 2K, Grand Theft Auto, and Purple Useless Redemption, in addition to cellular titles like Toon Blast, Toy Blast, Match Manufacturing facility!, Empires & Puzzles, Phrases With Associates and Coloration Block Jam. New releases resembling Borderlands 4 and Mafia: The Outdated Nation additionally contributed considerably to bookings progress.
Internet bookings from recurrent client spending grew 20% in Q2 and accounted for 73% of complete bookings. Throughout the quarter, 2K launched three main titles, together with NBA 2K26, which has been performing exceptionally properly, particularly when it comes to in-game spending. Grand Theft Auto On-line can also be seeing excessive ranges of engagement.
The cellular enterprise continues to ship sturdy outcomes, with Toon Blast and Match Manufacturing facility rising 26% and 20%, respectively. Coloration Block Jam continues to carry out properly with sturdy engagement. Zynga continues to work on bettering its portfolio with new options and innovation in dwell companies.
TTWO introduced that Rockstar Video games will now launch Grand Theft Auto VI on November 19, 2026.
Outlook
Take-Two raised its steering for fiscal yr 2026 based mostly on its sturdy efficiency within the second quarter and better expectations for a lot of of its core franchises within the latter half of the yr. The corporate now expects internet bookings to vary between $6.40-6.50 billion, representing a YoY progress of 14% on the midpoint. Internet income is now anticipated to be $6.38-6.48 billion for the yr.
For the third quarter of 2026, internet bookings are anticipated to be $1.55-1.60 billion, and internet income is predicted to be $1.57-1.62 billion.
