Take-Two Q1 results include net bookings ahead of guidance, a slight increase in revenue, and cancellation of unannounced "new core IP" game

Take-Two Q1 results include net bookings ahead of guidance, a slight increase in revenue, and cancellation of unannounced "new core IP" game Firm's last quarterly report before arrival of GTA 6 shows continuing strong performance from NBA and GTA franchises Take-Two's Q1 results came in slightly ahead of guidance thanks to strong performance of NBA 2K6 and GTA supported by the Zynga mobile portfolio, with the firm maintaining its previous projection of $8-8.2 billion in net bookings for the full year. The company also confirmed a $43.4M revenue impairment due to the cancellation of an "unannounced title in its pipeline from a third-party developer", which contributed to a significant increase in net loss YoY. The numbers For the three months ending June 30, 2026: - Net revenue: $1.53 billion (up 2% YoY) - Net bookings: $1.39 billion (down 3% YoY) - Net loss: $34.1 million (up 186% YoY) The highlights The firm described the results as "excellent", saying that they reflected better-than-expected performance from NBA 2K and the Grand Theft Auto series. Looking ahead, the firm's projected $8 to $8.2B in net bookings is expected to be 37% Rockstar Games, 34% Zynga, and 29% 2K.