Take-Two Interactive Software, Inc. (NASDAQ:TTWO) announced robust financial results for the second quarter of its fiscal year 2026, concluding on September 30, 2025. The company achieved significant growth, underscoring its strategic focus on high-quality content and innovative live services.

Total Net Bookings surged 33% year-over-year, reaching $1.96 billion compared to $1.47 billion for the same quarter last year. Notably, Net Bookings from recurrent consumer spending increased by 20%, making up 73% of total Net Bookings. Key contributors to this growth included popular titles like *NBA® 2K26*, *Borderlands® 4*, and *Grand Theft Auto Online*.

The company reported GAAP net revenue of $1.77 billion, up from $1.35 billion in the previous year. Despite the strong revenue figures, Take-Two recorded a GAAP net loss of $133.9 million, or $0.73 per share, which is an improvement from a loss of $365.5 million, or $2.08 per share, during the same period last year.

2. CEO Insights

Strauss Zelnick, Chairman and CEO of Take-Two Interactive, expressed his satisfaction with the second quarter results, stating, “We achieved outstanding second quarter results by releasing new hit titles, driving innovation in live services, and maintaining our commitment to developing the highest quality products.” Zelnick also announced an upward revision of the Fiscal Year 2026 Net Bookings forecast, reflecting the company’s strong momentum, especially in mobile gaming and the *NBA 2K* franchise.

One of the most anticipated announcements was regarding the release of *Grand Theft Auto VI*, now scheduled for November 19, 2026. Zelnick expressed confidence that Rockstar Games would deliver an unparalleled entertainment experience with this upcoming title.

3. Financial Highlights

Key Metrics

Total Net Bookings: $1.96 billion (up 33% year-over-year)

Recurrent Consumer Spending: 73% of total Net Bookings, growing 20%

GAAP Net Revenue: $1.77 billion (up 31% year-over-year)

GAAP Net Loss: $133.9 million or $0.73 per share (improved from a loss of $365.5 million)

Contributors to Revenue

The strongest revenue drivers during the quarter included:

*NBA 2K26* and *NBA 2K25*

*Borderlands® 4*

*Grand Theft Auto Online* and *Grand Theft Auto V*

Mobile titles such as *Toon Blast™*, *Mafia: The Old Country*, *Empires & Puzzles™, and *Words With Friends™*.

4. Revised Outlook for Fiscal Year 2026

Building on its strong performance, Take-Two has raised its outlook for the fiscal year ending March 31, 2026. The company now anticipates total net revenue between $6.38 billion and $6.48 billion, with Net Bookings expected to range from $6.4 billion to $6.5 billion. This optimistic forecast reflects the company's robust pipeline and the anticipated success of its upcoming releases.

Third Quarter Expectations

For the fiscal third quarter ending December 31, 2025, Take-Two projects:

Total Net Revenue: $1.57 billion to $1.62 billion

Net Bookings: $1.55 billion to $1.60 billion

Net Loss per Share: $(0.49) to $(0.35)

5. Conclusion

Take-Two Interactive's second quarter results highlight the company’s strong recovery and growth trajectory, driven by a combination of innovative gaming titles and a successful shift towards recurrent consumer spending. With key releases on the horizon and an optimistic outlook for the remainder of the fiscal year, Take-Two is well-positioned to capitalize on the expanding gaming market and enhance shareholder value.

Original press release