Take-Two management commentary: Q2 fiscal 2027 net bookings miss guidance as NBA 2K27 falls short of forecast

• Take-Two management commentary attributed fiscal second-quarter 2027 net bookings of $1.6 billion, below $1.62 billion-$1.67 billion guidance, to weaker-than-expected NBA 2K27 performance.
• Recurrent consumer spending fell 9%, versus a projected 5% decline, driven by NBA 2K; it represented 81% of net bookings.
• Mobile performance met expectations despite a double-digit decline in Color Block Jam net bookings; the Grand Theft Auto series exceeded forecasts.
• Revenue declined 16% to $1.5 billion; cost of revenue fell 20% to $637 million.
• Operating expenses decreased 9% to $978 million; management-basis expenses beat forecasts because of lower personnel and user acquisition costs.

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