Analyst Consensus ?
ConsensusBuy57 ratings
Bullish4680.7%
Neutral1119.3%
Bearish00.0%
Take-Two Interactive Software, Inc. · TTWO · FY2025 Q3 · Calendar Q1 2025
Take-Two: Strong Core Franchises, Mixed Mobile Outlook
The supplied analysis supports a constructive but qualified view: strong core franchises and a substantial release pipeline support growth, while mixed mobile performance, launch spending, and execution risk temper the outlook.
Reported After market closeNASDAQTechnology
$37.46B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.64
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.39B
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+14.0%
Event window
SPY move
-0.9%
Same window
Abnormal move
+14.9%
Stock minus SPY
Volume
4.2×
Versus trailing sessions
Subsequent drift
-3.3%
Up to 20 sessions
TTWOSPY benchmark
Ask FN2 about TTWO FY2025 Q3
Transcript, numbers and history already loaded
What drove TTWO's +14.0% move after FY2025 Q3 earnings?What changed in TTWO's guidance and outlook in FY2025 Q3?Give me the bull and bear case for TTWO after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the release slate remained the central growth lever, with more emphasis on NBA 2K engagement, Zynga’s direct-to-consumer progress, Match Factory’s path to profitability, and mobile execution risks.
Guidance delta
Maintained: management reaffirmed FY2025 net bookings guidance and described sequential growth into FY2026 and FY2027.
Key takeaways
- NBA 2K delivered double-digit growth in engagement and bookings.
- Management reaffirmed FY2025 net bookings guidance of $5.55–$5.65 billion.
- Civilization VII, GTA VI, Mafia: The Old Country, and Borderlands 4 underpin the release slate.
- Match Factory was expected to become profitable later in the year, while mobile performance remained mixed.
- Zynga’s direct-to-consumer expansion and partnerships were highlighted as growth initiatives.
Management priorities
- Execute the upcoming flagship release slate.
- Expand Zynga’s mobile portfolio and direct-to-consumer initiatives.
- Improve mobile monetization and move Match Factory toward profitability.
- Support game technology and office build-outs with planned capital spending.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$200.32Previous close
$105Low
$226.76Average
$313High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 14, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Aug 10, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Aug 10, 2026 |
| Roth Capital | Buy | Buy | Maintain | Aug 10, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Aug 10, 2026 |
| DA Davidson | Buy | Buy | Maintain | Aug 10, 2026 |
| BTIG | Buy | Buy | Maintain | Aug 10, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 10, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jun 25, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jun 23, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jun 2, 2026 |
| UBS | Buy | Buy | Maintain | Jan 28, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jan 13, 2026 |
| Jefferies | Buy | Buy | Maintain | Nov 3, 2025 |
| Benchmark | Buy | Buy | Maintain | Oct 16, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Aug 8, 2025 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 8, 2025 |
| Citigroup | Buy | Buy | Maintain | Jul 23, 2025 |
| Ascendiant Capital | Buy | Buy | Maintain | Mar 3, 2025 |
| MoffettNathanson | Neutral | Neutral | Maintain | Feb 7, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Feb 7, 2025 |
| Stifel | Buy | Buy | Maintain | Jan 21, 2025 |
| TD Cowen | Buy | Buy | Maintain | Nov 22, 2024 |
| Roth MKM | Buy | Buy | Maintain | Nov 19, 2024 |
| HSBC | Buy | Hold | Upgrade | Aug 12, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Nov 14, 2023 |
| Truist Securities | Buy | Buy | Maintain | Oct 31, 2023 |
| Barclays | Overweight | Overweight | Maintain | Aug 10, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Aug 9, 2023 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | Apr 12, 2023 |
| DZ Bank | Hold | Buy | Downgrade | Feb 14, 2023 |
| Keybanc | Overweight | Overweight | Maintain | Feb 7, 2023 |
| MKM Partners | Buy | Buy | Maintain | Nov 8, 2022 |
| Cowen & Co. | Outperform | Outperform | Maintain | Nov 8, 2022 |
| Bernstein | Outperform | Outperform | Maintain | Apr 22, 2022 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jul 23, 2020 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | May 21, 2020 |
| Nomura Instinet | Neutral | Neutral | Maintain | May 21, 2020 |
| Nomura | Neutral | Neutral | Maintain | May 21, 2020 |
| CFRA | Buy | Buy | Maintain | Mar 25, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Mar 2, 2020 |
| Bank of America | Buy | Buy | Maintain | Aug 21, 2019 |
| Buckingham Research | Buy | Buy | Maintain | May 14, 2019 |
| Gabelli & Co. | Buy | Buy | Maintain | Jan 16, 2019 |
| Hilliard Lyons | Neutral | Underperform | Upgrade | Feb 9, 2018 |
| BTIG Research | Buy | Buy | Maintain | Dec 18, 2017 |
| Buckingham | Buy | Buy | Maintain | Nov 8, 2017 |
| Macquarie | Outperform | Outperform | Maintain | Feb 4, 2016 |
| PiperJaffray | Overweight | Overweight | Maintain | Aug 11, 2015 |
| Brean Capital | Buy | Buy | Maintain | Jul 28, 2015 |
| Mizuho | Buy | Buy | Maintain | Jun 26, 2015 |
| Sterne Agee CRT | Buy | Neutral | Upgrade | May 19, 2015 |
| Sterne Agee | Buy | Neutral | Upgrade | May 19, 2015 |
| Leerink Swann | Perform | Market Perform | Maintain | Sep 2, 2014 |
| CRT Capital | Hold | Hold | Maintain | Jan 17, 2014 |
| Pacific Crest | Perform | Sector Perform | Maintain | Sep 11, 2013 |
| National Alliance Securities | Buy | Buy | Maintain | Aug 2, 2012 |
| National Alliance | Buy | Buy | Maintain | Aug 2, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $200.32. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $310 | $201.07 | +54.8% | Sep 28, 2026 |
| Goldman Sachs | Analyst unavailable | $285 | $252.15 | +42.3% | Aug 10, 2026 |
| Robert W. Baird | Colin Sebastian | $270 | $246.5 | +34.8% | Aug 10, 2026 |
| Oppenheimer | Martin Yang | $280 | $246.5 | +39.8% | Aug 10, 2026 |
| BTIG | Clark Lampen | $313 | $246.5 | +56.3% | Aug 10, 2026 |
| Wells Fargo | Alec Brondolo | $300 | $246.5 | +49.8% | Aug 10, 2026 |
| Roth Capital | Analyst unavailable | $300 | $246.5 | +49.8% | Aug 7, 2026 |
| Raymond James | Andrew Marok | $300 | $233.94 | +49.8% | Aug 6, 2026 |
| Wells Fargo | Alec Brondolo | $289 | $258.41 | +44.3% | Jul 7, 2026 |
| BMO Capital | Brian Pitz | $285 | $235.47 | +42.3% | Jun 25, 2026 |
| BTIG | Analyst unavailable | $290 | $242.64 | +44.8% | Jun 24, 2026 |
| Piper Sandler | Analyst unavailable | $280 | $226.98 | +39.8% | Jun 2, 2026 |
| Wells Fargo | Analyst unavailable | $287 | $238.08 | +43.3% | May 22, 2026 |
| Wedbush | Alicia Reese | $300 | $218.68 | +49.8% | Mar 3, 2026 |
| Raymond James | Strong Buy | $285 | $205.03 | +42.3% | Feb 10, 2026 |
| BMO Capital | Analyst unavailable | $280 | $204.2 | +39.8% | Feb 4, 2026 |
| Wells Fargo | Analyst unavailable | $301 | $212.17 | +50.3% | Feb 4, 2026 |
| UBS | Analyst unavailable | $300 | $247.33 | +49.8% | Jan 28, 2026 |
| Morgan Stanley | Matthew Cost | $280 | $249.83 | +39.8% | Jan 13, 2026 |
| Wells Fargo | Analyst unavailable | $288 | $256.67 | +43.8% | Jan 8, 2026 |
| Arete Research | Analyst unavailable | $284 | $246.03 | +41.8% | Dec 1, 2025 |
| UBS | Christopher Schoell | $292 | $231.92 | +45.8% | Nov 7, 2025 |
| Jefferies | James Heaney | $300 | $256.37 | +49.8% | Nov 3, 2025 |
| Roth Capital | Analyst unavailable | $295 | $259.23 | +47.3% | Oct 17, 2025 |
| D.A. Davidson | Analyst unavailable | $300 | $258.07 | +49.8% | Oct 9, 2025 |
| Wells Fargo | Alec Brondolo | $277 | $256.98 | +38.3% | Oct 7, 2025 |
| Redburn Partners | Hamilton Faber | $260 | $232.68 | +29.8% | Aug 13, 2025 |
| BMO Capital | Brian Pitz | $252 | $217.37 | +25.8% | Aug 8, 2025 |
| Raymond James | Andrew Marok | $250 | $226.74 | +24.8% | May 16, 2025 |
| D.A. Davidson | Wyatt Swanson | $270 | $226.74 | +34.8% | May 16, 2025 |
| Stifel Nicolaus | Drew Crum | $191 | $158.04 | -4.7% | Sep 5, 2024 |
| HSBC | Mohammed Khallouf | $179 | $147.29 | -10.6% | Aug 12, 2024 |
| Goldman Sachs | Eric Sheridan | $186 | $144.82 | -7.1% | Aug 9, 2024 |
| Jefferies | James Heaney | $185 | $148.83 | -7.6% | Jul 11, 2024 |
| Deutsche Bank | Bryan Kraft | $190 | $155.37 | -5.2% | Jun 18, 2024 |
| J.P. Morgan | Cory A Carpenter | $200 | $158.51 | -0.2% | Jun 11, 2024 |
| Robert W. Baird | Colin Sebastian | $172 | $147.84 | -14.1% | May 20, 2024 |
| HSBC | Mohammed Khallouf | $154 | $151 | -23.1% | May 17, 2024 |
| Goldman Sachs | Eric Sheridan | $170 | $146.08 | -15.1% | May 17, 2024 |
| Jefferies | Andrew Uerkwitz | $195 | $148.49 | -2.7% | Apr 1, 2024 |
| Wedbush | Nick McKay | $190 | $155.09 | -5.2% | Feb 9, 2024 |
| Deutsche Bank | Benjamin Soff | $175 | $153.4 | -12.6% | Nov 14, 2023 |
| Oppenheimer | Martin Yang | $170 | $145.73 | -15.1% | Nov 9, 2023 |
| Raymond James | Andrew Marok | $170 | $145.71 | -15.1% | Oct 11, 2023 |
| Truist Financial | Matthew Thornton | $158 | $150.26 | -21.1% | Jul 11, 2023 |
| Morgan Stanley | Matthew Cost | $145 | $125.02 | -27.6% | May 18, 2023 |
| Credit Suisse | Stephen Ju | $127 | $122.57 | -36.6% | May 17, 2023 |
| Roth Capital | Analyst unavailable | $130 | $114.65 | -35.1% | Feb 7, 2023 |
| J.P. Morgan | Analyst unavailable | $140 | $109.74 | -30.1% | Feb 7, 2023 |
| Wedbush | Analyst unavailable | $130 | $105.56 | -35.1% | Feb 7, 2023 |
| Credit Suisse | Analyst unavailable | $129 | $111.47 | -35.6% | Feb 3, 2023 |
| Citigroup | Analyst unavailable | $105 | $100.79 | -47.6% | Dec 9, 2022 |
| Stifel Nicolaus | Drew Cum | $161 | $108.4 | -19.6% | Nov 8, 2022 |
| Truist Financial | Matthew Thornton | $157 | $118.63 | -21.6% | Sep 5, 2022 |
| Barclays | Mario Lu Lu | $175 | $123.04 | -12.6% | Aug 30, 2022 |
| Truist Financial | Matthew Thornton | $162 | $127.39 | -19.1% | Aug 4, 2022 |
| Credit Suisse | Stephen Ju | $139 | $130.65 | -30.6% | Jul 27, 2022 |
| UBS | John Hodulik | $143 | $127.04 | -28.6% | Jul 6, 2022 |
| Goldman Sachs | Eric Sheridan | $136 | $129.23 | -32.1% | Jun 9, 2022 |
| Stifel Nicolaus | Drew Crum | $200 | $123.08 | -0.2% | May 17, 2022 |
| Credit Suisse | Stephen Ju | $182 | $123.08 | -9.1% | May 17, 2022 |
| Bernstein | Matti Littunen | $173 | $136.41 | -13.6% | Apr 22, 2022 |
| KeyBanc | Tyler Parker | $190 | $141.31 | -5.2% | Apr 10, 2022 |
| Benchmark Co. | Mike Hickey | $200 | $153.49 | -0.2% | Mar 13, 2022 |
| MKM Partners | Eric Handler | $200 | $158.01 | -0.2% | Mar 5, 2022 |
| Credit Suisse | Stephen Ju | $210 | $172.2 | +4.8% | Feb 8, 2022 |
| Robert W. Baird | Colin Sebastian | $210 | $175.1 | +4.8% | Feb 7, 2022 |
| BNP Paribas | Nicolas Langlet | $215 | $163.36 | +7.3% | Jan 19, 2022 |
| Morgan Stanley | Brian Nowak | $215 | $148.42 | +7.3% | Jan 11, 2022 |
| MoffettNathanson | Clay Griffin | $170 | $148.42 | -15.1% | Jan 11, 2022 |
| Ascendiant | Edward Woo | $191 | $142.99 | -4.7% | Jan 10, 2022 |
| Oppenheimer | Martin Yang | $215 | $192.91 | +7.3% | Nov 4, 2021 |
| Barclays | Mario Lu | $220 | $192.91 | +9.8% | Nov 4, 2021 |
| DZ BANK AG | Manuel Muhl | $210 | $158.75 | +4.8% | Aug 4, 2021 |
| Cowen & Co. | Doug Creutz | $229 | $159.86 | +14.3% | Aug 3, 2021 |
| Goldman Sachs | Eric Sheridan | $185 | $185.08 | -7.6% | May 20, 2021 |
Track every rating change on TTWO the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationEstablished in 1993 and headquartered in New York, New York, Take-Two Interactive Software, Inc. is a global leader in the development, publishing, and marketing of interactive entertainment experiences for consumers worldwide. The company's extensive catalog is primarily distributed under its prominent labels: Rockstar Games, 2K, Private Division, and T2 Mobile Games. Rockstar Games is renowned for its action-adventure titles, including iconic franchises like Grand Theft Auto, Red Dead Redemption, Max Payne, and Midnight Club, alongside other fan favorites such as LA Noire, Bully, and Manhunt. The 2K label covers a broad spectrum of genres, offering popular series in shooter (Borderlands), action (BioShock, Mafia), role-playing, strategy (Sid Meier's Civilization, XCOM series), sports, and family/casual categories.…
Historical context
All TTWO earningsTechnology peers this season
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|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
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One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-23T00:02:36.799981+00:00
- Polygon adjusted daily market bars · 2026-10-14T07:20:44.057425+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-14T07:20:44.054670+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-14. For educational purposes only; not investment advice.