Shares of Take-Two Interactive Software Inc (TTWO) surged 5.52% in after-hours trading on Thursday, following the release of its quarterly report that exceeded analyst expectations and an improved outlook for the fiscal year 2026.
The video game publisher reported quarterly sales of $1.423 billion, beating the analyst consensus estimate of $1.307 billion by 8.86%. This represents a significant 16.84% increase compared to sales of $1.218 billion in the same period last year. The company's GAAP net revenue for the fiscal first quarter also saw a 12% increase, while its net loss narrowed to $11.9 million, resulting in earnings per share of $0.07.
Take-Two has raised its outlook for the fiscal year ending March 31, 2026. The company now expects net revenue between $6.1 billion to $6.2 billion, with net bookings projected to range from $6.05 billion to $6.15 billion. This improved guidance, along with the announcement of several anticipated game releases, including "Grand Theft Auto VI" scheduled for May 26, 2026, has likely contributed to investor enthusiasm. The positive reception of these results and future prospects underscores Take-Two's strong position in the competitive video game industry.
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