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Take-Two Reports Record Q2 2026 Revenue Driven by Franchise Success

Source: Take-Two (TTWO) Q2 2026 Earnings Call Transcript (2025-11-28)

Take-Two Interactive Software, Inc. (TTWO) has announced a historic second quarter for fiscal year 2026, with net bookings reaching $1.96 billion—surpassing analyst expectations and setting a new record. This remarkable performance is driven by robust consumer engagement across key franchises, notably NBA 2K26, which sold over 5 million units and saw a 45% increase in recurring consumer spending (RCS). The company's mobile segment also experienced significant growth, with Toon Blast and Match Factory! net bookings up 26% and 20%, respectively, and Rollic achieving a new record. The launch of Borderlands 4 further contributed to the success, boasting the highest concurrent players on Steam and dominating launch-week viewership on Twitch and YouTube. In addition to these achievements, Take-Two's strategic focus on digital and live services continues to pay off, with RCS now representing 73% of total net bookings—well above the 1% guidance. The company's emphasis on premium editions and live service content has driven up the average selling price of NBA 2K26, reflecting a shift toward high-margin revenue streams. The company also announced plans to expand its mobile gaming portfolio, investing heavily in new titles and leveraging emerging technologies like augmented reality (AR) and cloud gaming to enhance user engagement. Furthermore, Take-Two is actively exploring new markets, including Asia and Latin America, where mobile gaming is experiencing rapid growth. The firm has announced partnerships with local developers to localize popular titles and develop region-specific content, aiming to capitalize on the expanding global gaming audience. The company is also investing in advanced analytics and AI-driven personalization to improve player retention and monetization strategies. Looking ahead, Take-Two projects continued growth, with expectations of exceeding $8 billion in annual revenue by 2027, driven by new releases, live service expansions, and technological innovations. The company's leadership emphasizes a commitment to quality and player experience, ensuring sustainable growth amid a competitive industry landscape. As the gaming industry evolves with advancements in virtual reality (VR), 5G connectivity, and cross-platform play, Take-Two is positioning itself at the forefront of innovation, promising exciting developments for gamers and investors alike. This strong quarter underscores Take-Two's resilience and strategic agility in a dynamic market, reaffirming its status as a leading player in the global gaming industry.

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