Financial Data and Key Metrics Changes - The company reported net bookings of $1.76 billion for Q3 FY2026, significantly exceeding the high end of guidance [5][15] - Full-year net bookings outlook has been raised to $6.65 billion - $6.7 billion, representing an 18% growth compared to FY2025 [5][17] - Recurrent consumer spending rose 23% year-over-year, accounting for 76% of net bookings [15][16] - GAAP net revenue increased by 25% to $1.7 billion, while operating expenses rose by 10% to $984 million [15][16] Business Line Data and Key Metrics Changes - The mobile business saw a 19% year-over-year increase, with Toon Blast growing 43% and Match Factory increasing by 17% [6][15] - NBA 2K series grew 30%, while Grand Theft Auto Online increased by 27% [9][16] - Advertising revenues grew by 10% year-over-year, driven by higher average revenue per daily active user [7] Market Data and Key Metrics Changes - The mobile direct-to-consumer business achieved its strongest quarter on record, with enhancements leading to more personalized offers and flexible pricing [8] - The NBA 2K franchise is on track to generate the highest level of annual net bookings and recurrent consumer spending in its history [9] Company Strategy and Development Direction - The company is focusing on creativity, innovation, and efficiency, with generative AI being embraced to drive efficiencies and enhance creative processes [11][25] - The upcoming release of Grand Theft Auto VI is expected to significantly impact future financial performance, with marketing efforts set to begin in summer [11][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business momentum and projected record levels of net bookings in FY2027, driven by a robust release schedule [11][20] - The company aims to democratize access to its products, ensuring that interactive entertainment remains affordable for consumers [70] Other Important Information - The company plans to support organic growth while also pursuing selective acquisitions that align with its strategy [40][64] - The regulatory environment is becoming more favorable for direct-to-consumer initiatives, which are expected to enhance margins [32][86] Q&A Session Summary Question: Concerns about AI's impact on the business - Management clarified that the video game industry has always utilized machine learning and AI, and they are optimistic about the opportunities AI presents for efficiency and creativity [24][25] Question: Mobile business performance and initiatives - Management highlighted the success of mobile titles and the importance of creating hits, emphasizing the role of talent and data-driven decisions [28][30] Question: Engagement and monetization strategies for NBA 2K - Management noted that success stems from constant consumer engagement and attention to detail, with opportunities for international expansion and higher monetization [44][46] Question: Capital allocation priorities - Management outlined three uses of capital: supporting organic growth, pursuing selective acquisitions, and returning capital to shareholders through buybacks [39][40] Question: GTA Online's future post-GTA VI release - Management indicated that support for GTA Online will continue, as engagement remains strong and new content updates drive player interest [56] Question: User-generated content and marketplace opportunities - Management expressed interest in user-generated content and the potential for tools that facilitate this engagement, while emphasizing the importance of high-quality entertainment [79]

Take-Two Interactive Software, Inc. (NASDAQ:APPS) shares rallied in Tuesday's extended trading after the company released its third-quarter earnings report, beating estimates on the top and bottom lines. Here's a look at the key figures from the quarter. TTWO stock is moving. Watch the price action here.The Details: Take-Two Interactive reported quarterly earnings of $1.23 per share, which beat the consensus estimate of 83 cents by 47.48%, according to data from Benzinga Pro.Quarterly revenue of $1.76 billi ...

The videogame company posted a loss of $92.9 million, or 50 cents a share, in the quarter ended Dec. 31, compared with a loss of $125.2 million, or 71 cents a share, a year earlier. ...

TAKE-TWO INTERACTIVE SOFTWARE, INC. (NASDAQ: TTWO) THIRD QUARTER FISCAL 2026 RESULTS & GUIDANCE SUMMARY CAUTIONARY NOTE: FORWARD LOOKING STATEMENTS The statements contained herein, which are not historical facts, including statements relating to Take-Two Interactive Software, Inc.'s ("Take-Two," the "Company," "we," "us," or similar pronouns) outlook, are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expect ...

Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACT: (Investor Relations) (Corporate Press) Nicole Shevins Alan Lewis Senior Vice President Investor Relations & Corporate Communications Take-Two Interactive Software, Inc. Take-Two Interactive Software, Inc. (646) 536-3005 (646) 536-2983 Nicole.Shevins@take2games.com Alan.Lewis@take2games.com Head of Global Corporate Communications Take-Two Interactive Software, Inc. Reports Results for Fiscal Third Quarter 2026 Company raises fiscal year 2026 outlook Fiscal third qu ...

Take-Two Interactive raised its annual bookings forecast on Tuesday, betting on strong sales of its premium sports, action and mobile titles as it gears up to launch the highly-awaited "Grand Theft Au... ...

Group 1 - The "Brain-Computer Interface Developers Conference" in Tianjin is a key event to watch for the day [1] - The Reserve Bank of Australia will announce its policy interest rate at 11:30 AM [1] - RBA Governor Philip Lowe will hold a monetary policy press conference at 12:30 PM [1] Group 2 - The preliminary Consumer Price Index (CPI) for January in France will be released at 3:45 PM [1] - Major U.S. companies including Merck, Pfizer, and PayPal are set to report their earnings before the market opens [1] - Richmond Fed President Barkin will discuss the U.S. economy at 9:00 PM [1] Group 3 - The Wall Street Journal's Invest Live event will feature Federal Reserve officials, timing to be determined [1] - Federal Reserve Governor Bowman is scheduled to speak at 10:40 PM [1] - After market close, AMD and other companies like Advanced Micro Devices, Chipotle Mexican Grill, Electronic Arts, and Take-Two Interactive Software will release their earnings reports [1]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - Google's Project Genie has been perceived as a potential "game-ender," leading to a significant drop in the market value of major gaming companies like Take-Two, Roblox, and Unity, which collectively lost approximately $19.5 billion in a single trading day [4][5][21]. Group 1: Market Reaction - Following the launch of Project Genie, Take-Two's stock fell by 7.93%, Roblox dropped by 13.17%, and Unity experienced a dramatic decline of 24.22% [4][21]. - The combined market value loss of these three companies amounted to around $19.5 billion [5]. - Investors reacted with panic, fearing that the capabilities of Project Genie could drastically lower the barriers to game development, threatening the existing business models of these companies [20][22]. Group 2: Project Genie Capabilities - Project Genie is powered by the Genie 3 universal model, which aims to understand physical laws and simulate real-world dynamics [8]. - It features three core capabilities: World Sketching, World Exploration, and World Remixing [9][11][15]. - World Sketching allows users to create environments using simple text prompts or images without needing coding skills [9]. - World Exploration enables real-time generation of game environments as users navigate through them, contrasting with traditional static game maps [12][14]. - World Remixing allows users to create new content based on existing creations, potentially fostering a new user-generated content ecosystem [15][17]. Group 3: Developer and Player Perspectives - Many developers and players believe the market's reaction is overblown, as the technology is still immature and cannot fully replace human game developers [5][6]. - Current outputs from Project Genie are often incomplete, lacking sound, scoring systems, and stability, leading to a perception of it as a "half-finished" product [24][28]. - Developers express concerns that Project Genie relies on a vast dataset of publicly available game content, which raises issues of originality and copyright [28]. Group 4: Future Implications - Despite its current limitations, industry leaders are optimistic about the future integration of AI in game development, with potential applications in quality assurance and concept design [31]. - The gaming community remains skeptical, fearing that an over-reliance on AI could lead to a decline in the quality and creativity of games, resulting in a "garbage dump" of algorithmically generated content [31].

Core Viewpoint - The article discusses the significant impact of AI on various industries, particularly focusing on the introduction of Google's Project Genie, which has the potential to disrupt the gaming industry by changing the fundamental assumptions that underpin it [1][2]. Group 1: Project Genie and Its Implications - Project Genie is defined as a Generative World Model that allows users to create interactive 3D spaces in real-time based on simple inputs like text or sketches, without relying on traditional game engines like Unity or Unreal [2][3][4]. - The core breakthrough of Genie is its ability to predict the next frame of reality based on learned patterns from numerous world videos, rather than using pre-set rules or physical engines [6]. - The market's reaction to Genie indicates a paradigm-level panic, as it threatens the existing business models and competitive advantages of companies in the gaming industry [7][10]. Group 2: Market Reactions and Financial Impact - Following the announcement of Project Genie, stocks in the gaming sector experienced significant declines, with Unity dropping by 24.2%, Roblox by 13.2%, and Take-Two by 8% [9]. - The traditional heavy investment model in game development, exemplified by the lengthy and costly production of titles like GTA 6, is now being questioned as Genie demonstrates the ability to create playable world prototypes in just one minute [10]. - The implications of Genie extend beyond efficiency improvements; it represents a fundamental shift in the capabilities required for game development, potentially diminishing the value of existing tools and platforms [11]. Group 3: Future of Content Creation and Industry Dynamics - As content creation becomes less scarce due to advancements like Genie, the competitive edge in the gaming industry may shift from technical prowess to understanding player engagement and emotional connections [12]. - The article highlights the rapid growth of AI-driven content creation companies, noting that one team achieved an annual recurring revenue (ARR) of $70 million within a year, reflecting the evolving landscape of content production [12].