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Take-Two Interactive Software Inc

Take-Two Interactive Software Inc

TTWO
$236.68USD↓-1.21%-2.89 today

MARKET CAP

43.9B

P/E (TTM)

57.3x

FWD P/E

28.7x

DAY RANGE

$233 – $239

52W RANGE

$188
$266

AI Summary

Stalk
StalkMedium

TTWO remains in a Stage 2 advancing trend with a long-term uptrend intact, and medium-term bias is bullish despite recent corrective pressure. Price has slipped below the 9 and 20 EMAs and is testing support at the rising 50 DMA. Short-term timing is neutral, so execution will be deferred until pullbacks are absorbed and acceptance near key EMAs is confirmed.

  • ↑Q3 net bookings hit a record $1.76 B, surpassing expectations.
  • ↑GTA VI release on Nov 19, 2026, could drive FY27 bookings to $8–8.2 B (+20%).
  • ↓Negative earnings yield and weak profitability factors signal low returns.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) is a leading developer and publisher within the interactive entertainment industry, primarily known for its blockbuster franchises such as Grand Theft Auto, NBA 2K, and the increasingly prominent mobile titles acquired through Zynga. The company navigates a diverse gaming ecosystem that spans traditional gaming platforms and the burgeoning mobile market, leveraging a strategic focus on high-quality content and consumer engagement. With significant upcoming releases, especially the highly anticipated Grand Theft Auto VI, Take-Two is set at the forefront of a competitive and evolving gaming landscape.

Bull says

  • ↑Q3 net bookings hit a record $1.76 B, surpassing expectations.
  • ↑GTA VI release on Nov 19, 2026, could drive FY27 bookings to $8–8.2 B (+20%).
  • ↑Recurring consumer spending rose 7% YoY, accounting for 82% of net bookings.
  • ↑Operating cash flow reached $624 M vs. $450 M forecast, bolstering liquidity.
  • ↑Enhanced direct-to-consumer strategy driving higher margins and monetization.
  • ↑Strong growth factors and high institutional ownership indicate market confidence.

Bear says

  • ↓Negative earnings yield and weak profitability factors signal low returns.
  • ↓Operating expenses to exceed $4 B in marketing, +3% YoY cost growth.
  • ↓GTA VI launch risks cannibalizing engagement in older titles.
  • ↓Regulatory uncertainty in direct-to-consumer models could hurt revenues.
  • ↓Elevated leverage and low balance-sheet quality heighten financial stress risk.
  • ↓Mobile segment faces regulatory and competitive headwinds impacting growth.

Investment themes with TTWO

Software↓ -1.57%

Cloud-based digital tools powering business productivity and innovation

MSFT · ORCL · PLTR

Earnings Call · Q1 2025 · Mgmt. Guidance

Updated 05-21-2026neutral

Transcript signals

Bull points

  • For Star Wars Hunters, it was a really ambitious title. I think the team at Natural Motion has done a great job, and I think the Zynga label actually has been really excited to launch this cross-platform title based on beloved IP. It's early yet to see how it will perform, so the jury is out, but it's off to a really good start.
  • I'm pleased to report that fiscal year 2025 is off to a solid start. Our first quarter net bookings of $1.2 billion were in line with our expectations, and our management team remains highly confident in our path forward.
  • We're reiterating our net bookings outlook for the year. As we release our groundbreaking pipeline, we expect to achieve tremendous growth, including sequential increases in net bookings in fiscal 2026 and 2027.

Bear points

  • So we had a slight miss in Q1.
  • That was driven by a few active users and centers this year, which was driven by lower sales of units due to the Gen 8 unit.
  • It takes a long time.
Read full transcript analysis ›