TTWO · 8-K · 20260807PR054580
Fiscal 2027 Outlook
TAKE TWO INTERACTIVE SOFTWARE INC · 2026-08-07 · Importance 68 · Surprise 42 · Contradicted
Take-Two reiterated fiscal 2027 Net Bookings guidance of $8.0 billion to $8.2 billion. The company expects fiscal-year revenue of $7.9 billion to $8.1 billion, EBITDA of $993 million to $1.053 billion, and net income of $104 million to $143 million. Fiscal second-quarter guidance calls for revenue of $1.420 billion to $1.470 billion and Net Bookings of $1.620 billion to $1.670 billion. Second-quarter guidance includes a net loss of $157 million to $140 million and EBITDA ranging from negative $20 million to positive $4 million, while the company expects Grand Theft Auto VI to launch on November 19, 2026.
Key facts
- Fiscal year ending March 31, 2027 total net revenue outlook is $7,900 to $8,100 million (GAAP). source
- Fiscal year ending March 31, 2027 cost of revenue outlook is $3,538 to $3,658 million. source
- Fiscal year ending March 31, 2027 operating expenses outlook is $4,150 to $4,170 million. source
- Fiscal year ending March 31, 2027 net cash provided by operating activities is expected to be over $1,000 million. source
- Fiscal year ending March 31, 2027 capital expenditures are expected to be approximately $290 million. source
- Fiscal year ending March 31, 2027 Non-GAAP EBITDA outlook is $993 to $1,053 million. source
- Take-Two is reiterating its Fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion. source
- Fiscal year ending March 31, 2027 share count used to calculate GAAP and management reporting diluted net income per share is expected to be 189.4 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +443.3% | Fiscal year ending March 31, 2027 total net revenue outlook is $7,900 to $8,100 million (GAAP). |
| operating_income | negative | committed | -230.5% | Fiscal year ending March 31, 2027 operating expenses outlook is $4,150 to $4,170 million. |
| operating_income | negative | committed | -199.4% | Fiscal year ending March 31, 2027 cost of revenue outlook is $3,538 to $3,658 million. |
| operating_income | positive | committed | +56.7% | Fiscal year ending March 31, 2027 Non-GAAP EBITDA outlook is $993 to $1,053 million. |
| net_income | positive | committed | +6.8% | Fiscal year ending March 31, 2027 net income outlook is $104 to $143 million. |
| cash | positive | committed | — | Fiscal year ending March 31, 2027 net cash provided by operating activities is expected to be over $1,000 million. |
| cash | negative | committed | — | Fiscal year ending March 31, 2027 capital expenditures are expected to be approximately $290 million. |
| assets | positive | committed | — | Fiscal year ending March 31, 2027 capital expenditures are expected to be approximately $290 million. |