Take-Two Interactive Software FQ4 2026 Earnings Review

Goldman Sachs maintains a Buy rating on Take-Two Interactive with a raised $275 price target following a strong FQ4'26 earnings beat, as investors focus on the November 2026 GTA 6 launch.

Key Takeaways

• 1.FQ4'26 Net Bookings reached $1.757bn, outperforming the high-end of guidance due to strength in GTA, Red Dead, and mobile.
• 2.Grand Theft Auto 6 is confirmed for a November 2026 launch, with a marketing campaign expected to start in Summer 2026.
• 3.Mobile growth exceeded expectations with mature titles like Color Block Jam (+15% YoY) and Toon Blast (+25% YoY) showing sustained strength.

Table of Contents

• Positives & Negatives
• 1FQ27 & FY27 Estimate Changes
• Valuation: Maintain Buy Rating and Raise PT to $275 (From $270)
• Key Risks to our Buy rating
• Disclosure Appendix

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