NASDAQCommunication ServicesElectronic Gaming & MultimediaSnapshot 2026-07-07
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Track TTWO free→Warn: Management is running behind on a stated commitment.
Take-Two grew net bookings 19% to $6.72 billion in fiscal 2026. GTA VI launch is expected to boost future sales. Management improved net loss from $4.48 billion to $298 million. These show progress toward profitability and growth.
The company reported recent earnings misses and cut guidance. Profitability remains negative with a $298 million loss. The GTA VI launch faces uncertainty and may not drive expected growth.
The stock trades about 20% above our fair value near $213, reflecting analysts' 20% revenue growth expectations. Our fair value is 26% below the Street median, indicating some optimism priced in that we view as cautious.
Breaks if: GTA VI launch delayed beyond Q4 2026 or sales fall significantly below expectations
Prepare for the launch of Grand Theft Auto VI to drive future growth.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Net Bookings fall below $6.0 billion in fiscal 2026
Focus on growing Net Bookings through strong portfolio execution and new releases.
Stated in 3 of last 3 quarters. Total Net Bookings grew 19% to $6.72 billion in Fiscal 2026, compared to $5.65 billion in the previous year. The trajectory is delivering on management's stated focus on increasing Net Bookings.
“CEO: 'Our Fiscal 2026 performance was exceptional and exceeded our initial expectations at every label.'”
“CEO: 'We are once again raising our Net Bookings outlook for Fiscal 2026.'”
“CEO: 'We continue to project record levels of Net Bookings in Fiscal 2027.'”
Breaks if: Net loss worsens beyond -$400 million in fiscal 2026
Focus on enhancing profitability through operational efficiencies and cost management.
Stated in 2 of last 2 quarters. GAAP net loss was $298.2 million in Fiscal 2026, a significant improvement from the $4.48 billion loss in the previous year. Management's focus on enhancing profitability shows limited progress, with ongoing efforts needed to achieve positive net income.
“CEO: 'Set us on a path to enhanced profitability and provide further balance sheet strength.'”
“CEO: 'We believe this will establish a new financial baseline for our business.'”
Breaks if: Revenue growth falls below 15% YoY next year
