Analyst Consensus ?
ConsensusBuy58 ratings
Bullish4781.0%
Neutral1119.0%
Bearish00.0%
Take-Two Interactive Software, Inc. · TTWO · FY2026 Q3 · Calendar Q1 2026
Take-Two: Raised Outlook Meets a Strong Franchise Pipeline
The supplied analysis supports the view that Take-Two's growth case rests on resilient recurrent consumer spending, mobile expansion, direct-to-consumer monetization, and a major upcoming release. Evidence is constructive, but the thesis remains dependent on GTA VI execution, sustained mobile returns, and the durability of flagship-franchise demand.
Why did TTWO fall 5.4% after beating EPS estimates in FY2026 Q3?
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Reported After market closeNASDAQTechnology
$38.58B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.23
Consensus $0.83
EPS surprise
+47.7%
Reported versus consensus
Reported revenue
$1.76B
Consensus $1.58B
Revenue surprise
+10.9%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-5.4%
Event window
SPY move
-0.5%
Same window
Abnormal move
-4.9%
Stock minus SPY
Volume
2.8×
Versus trailing sessions
Subsequent drift
+5.9%
Up to 20 sessions
TTWOSPY benchmark
Ask FN2 about TTWO FY2026 Q3
Choose a question to continue your research
Why did TTWO fall 5.4% after beating EPS estimates in FY2026 Q3?What changed in TTWO's guidance and outlook in FY2026 Q3?Give me the bull and bear case for TTWO after FY2026 Q3 earnings.
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Transcript intelligence
What changed
The supplied analysis describes Q3 bookings above guidance and a higher FY2026 bookings outlook. It also emphasizes 19% mobile growth, expanded direct-to-consumer efforts, AI pilots, the CFX marketplace, and GTA VI as the next major growth driver.
Guidance delta
Management guidance sentiment remained raised; the supplied analysis cites an FY2026 bookings outlook of $6.65-$6.7 billion, versus $6.4-$6.5 billion in the prior-quarter analysis.
Key takeaways
- Q3 net bookings surpassed guidance, supporting a higher FY2026 bookings outlook.
- Mobile grew 19% year over year, with TuneBlast and Match Factory cited as contributors.
- NBA 2K and Grand Theft Auto delivered record recurrent consumer spending.
- Management highlighted direct-to-consumer initiatives, AI pilots, and the CFX marketplace.
- GTA VI, scheduled for November 19, was identified as a major future growth driver.
Management priorities
- Execute the GTA VI launch and related marketing campaign
- Expand mobile direct-to-consumer offerings and flexible pricing
- Continue AI pilot programs aimed at operational efficiencies
- Develop the CFX user-generated-content marketplace
- Support the broader pipeline, including NBA 2K, WWE 2K, and Borderlands updates
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$231.46Current
$105Low
$227.29Average
$330High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 11, 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 |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Nov 10, 2026 |
| BTIG | Buy | Buy | Maintain | Nov 10, 2026 |
| B of A Securities | Buy | Buy | Maintain | Oct 27, 2026 |
| Freedom Capital Markets | Buy | Buy | Maintain | Oct 26, 2026 |
| 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 |
| Baird | Outperform | Outperform | Maintain | Aug 10, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jun 25, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jun 2, 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 current price $231.46. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Christopher Schoell | $295 | $207.4 | +27.5% | Nov 10, 2026 |
| UBS | Analyst unavailable | $330 | $207.4 | +42.6% | Nov 10, 2026 |
| BTIG | Clark Lampen | $262 | $208.9 | +13.2% | Nov 5, 2026 |
| Piper Sandler | James Callahan | $290 | $190.17 | +25.3% | Nov 2, 2026 |
| Wedbush | Alicia Reese | $280 | $190.17 | +21.0% | Nov 2, 2026 |
| UBS | Analyst unavailable | $310 | $201.07 | +33.9% | Sep 28, 2026 |
| Goldman Sachs | Analyst unavailable | $285 | $252.15 | +23.1% | Aug 10, 2026 |
| Robert W. Baird | Colin Sebastian | $270 | $246.5 | +16.7% | Aug 10, 2026 |
| Oppenheimer | Martin Yang | $280 | $246.5 | +21.0% | Aug 10, 2026 |
| BTIG | Clark Lampen | $313 | $246.5 | +35.2% | Aug 10, 2026 |
| Wells Fargo | Alec Brondolo | $300 | $246.5 | +29.6% | Aug 10, 2026 |
| Roth Capital | Analyst unavailable | $300 | $246.5 | +29.6% | Aug 7, 2026 |
| Raymond James | Andrew Marok | $300 | $233.94 | +29.6% | Aug 6, 2026 |
| Wells Fargo | Alec Brondolo | $289 | $258.41 | +24.9% | Jul 7, 2026 |
| BMO Capital | Brian Pitz | $285 | $235.47 | +23.1% | Jun 25, 2026 |
| BTIG | Analyst unavailable | $290 | $242.64 | +25.3% | Jun 24, 2026 |
| Piper Sandler | Analyst unavailable | $280 | $226.98 | +21.0% | Jun 2, 2026 |
| Wells Fargo | Analyst unavailable | $287 | $238.08 | +24.0% | May 22, 2026 |
| Wedbush | Alicia Reese | $300 | $218.68 | +29.6% | Mar 3, 2026 |
| Raymond James | Strong Buy | $285 | $205.03 | +23.1% | Feb 10, 2026 |
| BMO Capital | Analyst unavailable | $280 | $204.2 | +21.0% | Feb 4, 2026 |
| Wells Fargo | Analyst unavailable | $301 | $212.17 | +30.0% | Feb 4, 2026 |
| UBS | Analyst unavailable | $300 | $247.33 | +29.6% | Jan 28, 2026 |
| Morgan Stanley | Matthew Cost | $280 | $249.83 | +21.0% | Jan 13, 2026 |
| Wells Fargo | Analyst unavailable | $288 | $256.67 | +24.4% | Jan 8, 2026 |
| Arete Research | Analyst unavailable | $284 | $246.03 | +22.7% | Dec 1, 2025 |
| UBS | Christopher Schoell | $292 | $231.92 | +26.2% | Nov 7, 2025 |
| Jefferies | James Heaney | $300 | $256.37 | +29.6% | Nov 3, 2025 |
| Roth Capital | Analyst unavailable | $295 | $259.23 | +27.5% | Oct 17, 2025 |
| D.A. Davidson | Analyst unavailable | $300 | $258.07 | +29.6% | Oct 9, 2025 |
| Wells Fargo | Alec Brondolo | $277 | $256.98 | +19.7% | Oct 7, 2025 |
| Redburn Partners | Hamilton Faber | $260 | $232.68 | +12.3% | Aug 13, 2025 |
| BMO Capital | Brian Pitz | $252 | $217.37 | +8.9% | Aug 8, 2025 |
| Raymond James | Andrew Marok | $250 | $226.74 | +8.0% | May 16, 2025 |
| D.A. Davidson | Wyatt Swanson | $270 | $226.74 | +16.7% | May 16, 2025 |
| Stifel Nicolaus | Drew Crum | $191 | $158.04 | -17.5% | Sep 5, 2024 |
| HSBC | Mohammed Khallouf | $179 | $147.29 | -22.7% | Aug 12, 2024 |
| Goldman Sachs | Eric Sheridan | $186 | $144.82 | -19.6% | Aug 9, 2024 |
| Jefferies | James Heaney | $185 | $148.83 | -20.1% | Jul 11, 2024 |
| Deutsche Bank | Bryan Kraft | $190 | $155.37 | -17.9% | Jun 18, 2024 |
| J.P. Morgan | Cory A Carpenter | $200 | $158.51 | -13.6% | Jun 11, 2024 |
| Robert W. Baird | Colin Sebastian | $172 | $147.84 | -25.7% | May 20, 2024 |
| HSBC | Mohammed Khallouf | $154 | $151 | -33.5% | May 17, 2024 |
| Goldman Sachs | Eric Sheridan | $170 | $146.08 | -26.6% | May 17, 2024 |
| Jefferies | Andrew Uerkwitz | $195 | $148.49 | -15.8% | Apr 1, 2024 |
| Wedbush | Nick McKay | $190 | $155.09 | -17.9% | Feb 9, 2024 |
| Deutsche Bank | Benjamin Soff | $175 | $153.4 | -24.4% | Nov 14, 2023 |
| Oppenheimer | Martin Yang | $170 | $145.73 | -26.6% | Nov 9, 2023 |
| Raymond James | Andrew Marok | $170 | $145.71 | -26.6% | Oct 11, 2023 |
| Truist Financial | Matthew Thornton | $158 | $150.26 | -31.7% | Jul 11, 2023 |
| Morgan Stanley | Matthew Cost | $145 | $125.02 | -37.4% | May 18, 2023 |
| Truist Financial | Matthew Thornton | $140 | $122.57 | -39.5% | May 17, 2023 |
| Roth Capital | Analyst unavailable | $130 | $114.65 | -43.8% | Feb 7, 2023 |
| J.P. Morgan | Analyst unavailable | $140 | $109.74 | -39.5% | Feb 7, 2023 |
| Wedbush | Analyst unavailable | $130 | $105.56 | -43.8% | Feb 7, 2023 |
| Credit Suisse | Analyst unavailable | $129 | $111.47 | -44.3% | Feb 3, 2023 |
| Citigroup | Analyst unavailable | $105 | $100.79 | -54.6% | Dec 9, 2022 |
| Stifel Nicolaus | Drew Cum | $161 | $108.4 | -30.4% | Nov 8, 2022 |
| Truist Financial | Matthew Thornton | $157 | $118.63 | -32.2% | Sep 5, 2022 |
| Barclays | Mario Lu Lu | $175 | $123.04 | -24.4% | Aug 30, 2022 |
| Truist Financial | Matthew Thornton | $162 | $127.39 | -30.0% | Aug 4, 2022 |
| Credit Suisse | Stephen Ju | $139 | $130.65 | -39.9% | Jul 27, 2022 |
| UBS | John Hodulik | $143 | $127.04 | -38.2% | Jul 6, 2022 |
| Goldman Sachs | Eric Sheridan | $136 | $129.23 | -41.2% | Jun 9, 2022 |
| Stifel Nicolaus | Drew Crum | $200 | $123.08 | -13.6% | May 17, 2022 |
| Credit Suisse | Stephen Ju | $182 | $123.08 | -21.4% | May 17, 2022 |
| Bernstein | Matti Littunen | $173 | $136.41 | -25.3% | Apr 22, 2022 |
| KeyBanc | Tyler Parker | $190 | $141.31 | -17.9% | Apr 10, 2022 |
| Benchmark Co. | Mike Hickey | $200 | $153.49 | -13.6% | Mar 13, 2022 |
| MKM Partners | Eric Handler | $200 | $158.01 | -13.6% | Mar 5, 2022 |
| Stifel Nicolaus | Drew Crum | $232 | $172.2 | +0.2% | Feb 8, 2022 |
| Robert W. Baird | Colin Sebastian | $210 | $175.1 | -9.3% | Feb 7, 2022 |
| BNP Paribas | Nicolas Langlet | $215 | $163.36 | -7.1% | Jan 19, 2022 |
| Morgan Stanley | Brian Nowak | $215 | $148.42 | -7.1% | Jan 11, 2022 |
| MoffettNathanson | Clay Griffin | $170 | $148.42 | -26.6% | Jan 11, 2022 |
| Ascendiant | Edward Woo | $191 | $142.99 | -17.5% | Jan 10, 2022 |
| Oppenheimer | Martin Yang | $215 | $192.91 | -7.1% | Nov 4, 2021 |
| Barclays | Mario Lu | $220 | $192.91 | -5.0% | Nov 4, 2021 |
| DZ BANK AG | Manuel Muhl | $210 | $158.75 | -9.3% | Aug 4, 2021 |
| Cowen & Co. | Doug Creutz | $229 | $159.86 | -1.1% | Aug 3, 2021 |
| Goldman Sachs | Eric Sheridan | $185 | $185.08 | -20.1% | 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
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CRWV CoreWeave, Inc. Class A Common Stock | FY2026 Q3 · Calendar Q4 2026 | 0.0% | -0.5% | CoreWeave Q3: 168% Revenue Growth, Higher FY2026 Guidance |
| KSPI Joint Stock Company Kaspi.kz | FY2026 Q3 · Calendar Q4 2026 | +0.6% | -2.4% | Kaspi.kz Lowers GMV Outlook as AI and Grocery Expand |
Latest beats and misses
Who reports nextBeat on EPS
- VGFY2026 Q3 · November 10, 2026+92.7% EPS+1.7% move
- TDGFY2026 Q4 · November 10, 2026+1.9% EPS+0.5% move
- ONONFY2026 Q3 · November 10, 2026+39.9% EPS-7.5% move
- CRWVFY2026 Q3 · November 10, 20260.0% EPS-0.5% move
- OXYFY2026 Q3 · November 9, 2026+30.8% EPS+2.0% move
- MGREFY2026 Q3 · November 9, 2026+8.1% EPS+0.6% move
Missed on EPS
- EMBJFY2026 Q3 · November 10, 2026-49.4% EPS+7.0% move
- VODFY2027 Q2 · November 10, 2026-72.8% EPS-1.2% move
- SEFY2026 Q3 · November 10, 2026-5.1% EPS-1.5% move
- BAPFY2026 Q3 · November 9, 2026-2.6% EPS+3.3% move
- JBSFY2026 Q3 · November 9, 2026-28.6% EPS-5.5% move
- CIBFY2026 Q3 · November 9, 2026-10.1% EPS-4.0% move
Get the TTWO recap when the next report posts
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 · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T22:00:58.309225+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T22:00:58.306389+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 2026-09-24. For educational purposes only; not investment advice.