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How Take-Two Interactive (TTWO) makes money: Q1 FY2027 revenue breakdown
The quarter in brief
Revenue grew 2.0% y/y to $1.53B, operating margin −2.3% vs 1.4%, net loss $34.1M (vs net loss $11.9M a year earlier).
Total net revenue
$1,534M
up 2.0% y/y
Next report
not announced yet
How does Take-Two Interactive make money?
Take-Two Interactive brought in $1.53 billion of revenue in Q1 FY2027, up 2.0% year over year. The largest source was Game: $1.42 billion, or 93% of the total, followed by Advertising ($111M, 7%).
Revenue by source, Q1 FY2027
- Game$1.42B · 93% · +2.9%
- Advertising$111M · 7% · −8.4%
Shares of $1.53B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Game | $1,423 · +2.9% |
| Advertising | $111 · −8.4% |
| Total net revenue | $1,534 · +2.0% |
| Interest income | $22.8 · +38.2% |
| Income Tax Benefit | $15.2 · +700% |
| Net loss | $34.1 · +187% |
| Total cost of revenue | $651 · +16.6% |
| Selling and marketing | $370 · −9.7% |
| Research and development | $274 · +6.8% |
| General and administrative | $226 · +9.1% |
| Depreciation and amortization | $48.2 · −4.4% |
| Interest expense | $30.4 · −21.9% |
| Other income/(expense), net | $6.2 · −52.3% |
Verdict: revenue grew 2.0% y/y to $1.53B, operating margin −2.3% vs 1.4%, net loss $34.1M (vs net loss $11.9M a year earlier).
GAAP net loss $0.18 per share vs $0.07; Net Bookings (operational metric) $1.39 billion vs $1.42 billion; fiscal 2027 Net Bookings outlook of $8.0 to $8.2 billion reiterated ahead of the November 19 launch of Grand Theft Auto VI.
Source and notation
Source: Take-Two Interactive Software earnings release, 8-K EX-99 of 08/07/2026 (SEC EDGAR). The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; revenue and net income match SEC XBRL.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Cost of revenue included a $43.4 million impairment charge after the company decided not to proceed with an unannounced title from a third-party developer; software development costs and royalties jumped to $135.1M from $30.1M.
- Recurrent consumer spending increased 3% and accounted for 84% of total GAAP net revenue; the largest contributors were NBA 2K, the Grand Theft Auto series and Toon Blast.
- Gross margin was 57.5% vs 62.8% a year earlier.
- Operating loss was $35.5M, a −2.3% margin vs 1.4% a year earlier.
- The effective tax rate was 30.8% vs 13.8% a year earlier.
- Diluted EPS was −$0.18 vs −$0.07 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-08-07 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-08-07 · SEC EDGAR · 10/20/2026
Take-Two Interactive Software, Inc. is an American video game holding company based in New York City co-founded by Ryan Brant and Mark E. Seremet in September 1993. · Text: Wikipedia, CC BY-SA 4.0, abridged
Heads-up
- a net loss in Q1 FY2027 ($34.1 · +187%)
Most likely because cost of revenue included a $43.4 million impairment charge after the company decided not to proceed with an unannounced title from a third-party developer; the effective tax rate was 30.8% vs 13.8% a year earlier; gross margin was 57.5% vs 62.8% a year earlier. Based on the Q1 FY2027 report.
The company's report ↗Company guidance
Same quarter a year ago (ended September 30, 2025): revenue $1.774B, EPS (GAAP) −$0.73
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
TTWO earnings history: past report dates
| Aug 7, 2026 Fri | 7:37 ambefore market open | Jun 30, 2026 | $1.5B+2% y/y | −$0.18−157% y/y |
| May 21, 2026 Thu | 4:08 pmafter market close | Mar 31, 2026 | ≈$1.7B+6% y/y | ≈−$0.32+98% y/y |
| Feb 3, 2026 Tue | 4:14 pmafter market close | Dec 31, 2025 | $1.7B+25% y/y | −$0.50+30% y/y |
| Nov 6, 2025 Thu | 4:13 pmafter market close | Sep 30, 2025 | $1.8B+31% y/y | −$0.73+65% y/y |
| Aug 7, 2025 Thu | 4:24 pmafter market close | Jun 30, 2025 | $1.5B+12% y/y | −$0.07+95% y/y |
| May 15, 2025 Thu | 4:09 pmafter market close | Mar 31, 2025 | ≈$1.6B+13% y/y | ≈−$21.27−25% y/y |
| Feb 6, 2025 Thu | 4:11 pmafter market close | Dec 31, 2024 | $1.4B−0% y/y | −$0.71−31% y/y |
| Nov 6, 2024 Wed | 4:15 pmafter market close | Sep 30, 2024 | $1.4B+4% y/y | −$2.08+35% y/y |
| Aug 8, 2024 Thu | 4:15 pmafter market close | Jun 30, 2024 | $1.3B+4% y/y | −$1.52−25% y/y |
| May 16, 2024 Thu | 4:11 pmafter market close | Mar 31, 2024 | ≈$1.4B−3% y/y | ≈−$17.05−353% y/y |
| Feb 8, 2024 Thu | 4:15 pmafter market close | Dec 31, 2023 | $1.4B−3% y/y | −$0.54+41% y/y |
| Nov 8, 2023 Wed | 4:15 pmafter market close | Sep 30, 2023 | $1.3B−7% y/y | −$3.20−108% y/y |
| Aug 8, 2023 Tue | 4:14 pmafter market close | Jun 30, 2023 | $1.3B+17% y/y | −$1.22−61% y/y |
| May 17, 2023 Wed | 4:15 pmafter market close | Mar 31, 2023 | ≈$1.4B+56% y/y | ≈−$3.76 |
| Nov 7, 2022 Mon | 4:13 pmafter market close | Sep 30, 2022 | $1.4B+62% y/y | −$1.54 |
| Aug 8, 2022 Mon | 4:18 pmafter market close | Jun 30, 2022 | $1.1B+36% y/y | −$0.76 |
| May 16, 2022 Mon | 4:15 pmafter market close | Mar 31, 2022 | ≈$930M+11% y/y | ≈$0.95−50% y/y |
| Feb 7, 2022 Mon | 4:15 pmafter market close | Dec 31, 2021 | $903M+5% y/y | $1.24−21% y/y |
| Nov 3, 2021 Wed | 4:15 pmafter market close | Sep 30, 2021 | $858M+2% y/y | $0.09−90% y/y |
| Aug 2, 2021 Mon | 4:18 pmafter market close | Jun 30, 2021 | $813M−2% y/y | $1.30+69% y/y |
| May 18, 2021 Tue | 4:18 pmafter market close | Mar 31, 2021 | ≈$839M+10% y/y | ≈$1.89+77% y/y |
| Feb 8, 2021 Mon | 4:47 pmafter market close | Dec 31, 2020 | $861M−7% y/y | $1.57+10% y/y |
| Nov 5, 2020 Thu | 4:21 pmafter market close | Sep 30, 2020 | $841M−2% y/y | $0.86+37% y/y |
| Aug 3, 2020 Mon | 4:18 pmafter market close | Jun 30, 2020 | $831M+54% y/y | $0.77+88% y/y |
| May 20, 2020 Wed | 4:19 pmafter market close | Mar 31, 2020 | $761M+41% y/y | $1.07+114% y/y |
| Feb 6, 2020 Thu | 4:10 pmafter market close | Dec 31, 2019 | $930M−26% y/y | $1.43−9% y/y |
| Nov 7, 2019 Thu | 4:17 pmafter market close | Sep 30, 2019 | $858M+74% y/y | $0.63+186% y/y |
| Aug 5, 2019 Mon | 4:12 pmafter market close | Jun 30, 2019 | $540M+39% y/y | $0.41−34% y/y |
| May 13, 2019 Mon | 4:17 pmafter market close | Mar 31, 2019 | $539M+20% y/y | $0.50−35% y/y |
| Feb 6, 2019 Wed | 7:25 ambefore market open | Dec 31, 2018 | $1.2B+160% y/y | $1.57+648% y/y |
| Nov 7, 2018 Wed | 4:14 pmafter market close | Sep 30, 2018 | $493M+11% y/y | $0.22 |
| Aug 2, 2018 Thu | 4:15 pmafter market close | Jun 30, 2018 | $388M−7% y/y | $0.62+11% y/y |
| May 16, 2018 Wed | 4:20 pmafter market close | Mar 31, 2018 | $450M−21% y/y | $0.77−13% y/y |
| Feb 7, 2018 Wed | 4:12 pmafter market close | Dec 31, 2017 | $481M+1% y/y | $0.21 |
| Nov 7, 2017 Tue | 4:17 pmafter market close | Sep 30, 2017 | $444M+6% y/y | −$0.03 |
| Aug 2, 2017 Wed | 4:15 pmafter market close | Jun 30, 2017 | $418M+34% y/y | $0.56 |
| May 23, 2017 Tue | 7:28 ambefore market open | Mar 31, 2017 | $572M+52% y/y | $0.89+85% y/y |
| Feb 7, 2017 Tue | 4:12 pmafter market close | Dec 31, 2016 | $476M+15% y/y | −$0.33+35% y/y |
| Nov 2, 2016 Wed | 4:14 pmafter market close | Sep 30, 2016 | $420M+21% y/y | $0.39−29% y/y |
| Aug 4, 2016 Thu | 4:19 pmafter market close | Jun 30, 2016 | $312M+13% y/y | −$0.46+43% y/y |
| May 18, 2016 Wed | 4:13 pmafter market close | Mar 31, 2016 | $377M+26% y/y | $0.48 |
| Feb 3, 2016 Wed | 4:15 pmafter market close | Dec 31, 2015 | $414M−22% y/y | −$0.51 |
| Nov 5, 2015 Thu | 4:15 pmafter market close | Sep 30, 2015 | $347M+175% y/y | $0.55 |
| Aug 10, 2015 Mon | 4:15 pmafter market close | Jun 30, 2015 | $275M+119% y/y | −$0.81−80% y/y |
| May 18, 2015 Mon | 4:05 pmafter market close | Mar 31, 2015 | $300M+54% y/y | −$2.99−648% y/y |
| Feb 3, 2015 Tue | 4:05 pmafter market close | Dec 31, 2014 | $531M−72% y/y | $0.42−91% y/y |
| Oct 29, 2014 Wed | 4:09 pmafter market close | Sep 30, 2014 | $126M−15% y/y | −$0.51+64% y/y |
| Aug 5, 2014 Tue | 4:05 pmafter market close | Jun 30, 2014 | $125M−12% y/y | −$0.45+37% y/y |
| May 13, 2014 Tue | 4:05 pmafter market close | Mar 31, 2014 | $195M−35% y/y | −$0.40 |
| Feb 3, 2014 Mon | 4:05 pmafter market close | Dec 31, 2013 | $1.9B+348% y/y | $4.69+611% y/y |
| Oct 29, 2013 Tue | 4:05 pmafter market close | Sep 30, 2013 | $149M−46% y/y | −$1.40−833% y/y |
| Jul 30, 2013 Tue | 4:05 pmafter market close | Jun 30, 2013 | $143M−37% y/y | −$0.71+45% y/y |
| May 13, 2013 Mon | 4:05 pmafter market close | Mar 31, 2013 | $299M+102% y/y | $0.24 |
| Feb 5, 2013 Tue | 4:01 pmafter market close | Dec 31, 2012 | $416M+76% y/y | $0.66+313% y/y |
| Oct 31, 2012 Wed | 7:30 ambefore market open | Sep 30, 2012 | $273M+155% y/y | −$0.15+74% y/y |
| Jul 31, 2012 Tue | 4:05 pmafter market close | Jun 30, 2012 | $226M−32% y/y | −$1.30 |
| May 22, 2012 Tue | 4:06 pmafter market close | Mar 31, 2012 | $148M−19% y/y | −$0.79−193% y/y |
| Feb 2, 2012 Thu | 4:05 pmafter market close | Dec 31, 2011 | $236M | $0.16 |
| Nov 8, 2011 Tue | 4:13 pmafter market close | Sep 30, 2011 | $107M | −$0.57 |
| Aug 8, 2011 Mon | 4:13 pmafter market close | Jun 30, 2011 | $334M | −$0.11 |
| May 24, 2011 Tue | 4:05 pmafter market close | Mar 31, 2011 | $182M | −$0.27 |
Show all 61 reports since 2011Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Take-Two Interactive: 16-year financials
| FY2026 | 6,656 | −104 | −298 | 462 |
| FY2025 | 5,634 | −4,391 | −4,479 | −215 |
| FY2024 | 5,350 | −3,591 | −3,744 | −158 |
| FY2023 | 5,350 | −1,165 | −1,125 | −203 |
| FY2022 | 3,505 | 474 | 418 | 99.4 |
| FY2021 | 3,373 | 629 | 589 | 843 |
| FY2020 | 3,089 | 425 | 405 | 632 |
| FY2019 | 2,668 | 207 | 334 | 777 |
| FY2018 | 1,793 | 136 | 174 | 432 |
| FY2017 | 1,780 | 91.3 | 67.3 | 387 |
| FY2016 | 1,414 | −10.8 | −8.3 | 224 |
| FY2015 | 1,083 | −259 | −280 | 163 |
| FY2014 | 2,351 | 415 | 362 | 670 |
| FY2013 | 1,215 | 5.2 | −29.5 | −21.4 |
| FY2012 | 826 | −84.3 | −109 | −95.7 |
| FY2011 | 1,137 | 77.1 | 48.5 | 125 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The company’s fiscal year doesn’t match the calendar year, so years follow the company’s own labels. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Jun 30, 2026: $3.6B (40% of total assets). Compare with other S&P 500 companies →
Take-Two Interactive (TTWO) earnings: FAQ
How does Take-Two Interactive make money?
Take-Two Interactive brought in $1.53 billion of revenue in Q1 FY2027, up 2.0% year over year. The largest source was Game: $1.42 billion, or 93% of the total, followed by Advertising ($111M, 7%).
When is TTWO's next earnings date?
We have not yet seen an announcement of the date from Take-Two Interactive (TTWO). Based on last year's report on Nov 6, 2025, the next report is expected around Nov 5, 2026.
What time does TTWO report earnings?
Take-Two Interactive usually reports after market close: its latest results release was filed with the SEC at 7:37 am ET on Aug 7, 2026.
When did TTWO last report earnings?
Take-Two Interactive reported Q1 FY2027 results on Aug 7, 2026.
Where can I find Take-Two Interactive's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to TTWO's filings; this page breaks the latest report down in a Sankey chart.
How has Take-Two Interactive's revenue changed since 2011?
Per its 10-K filings, revenue grew 5.9x: $1,137M in fiscal 2011 and $6,656M in fiscal 2026. The latest year is the highest in the table. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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