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Take-Two Q1 results include net bookings ahead of guidance, a slight increase in revenue, and cancellation of unannounced "new core IP" game

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Take-Two Q1 results include net bookings ahead of guidance, a slight increase in revenue, and cancellation of unannounced "new core IP" game

Firm's last quarterly report before arrival of GTA 6 shows continuing strong performance from NBA and GTA franchises

Take-Two's Q1 results came in slightly ahead of guidance thanks to strong performance of NBA 2K6 and GTA supported by the Zynga mobile portfolio, with the firm maintaining its previous projection of $8-8.2 billion in net bookings for the full year.

The company also confirmed a $43.4M revenue impairment due to the cancellation of an "unannounced title in its pipeline from a third-party developer", which contributed to a significant increase in net loss YoY. Chief Accounting Officer Hannah Sage confirmed to GamesIndustry.biz that the title was one of the three "core new IP" that the firm had referred to in its FY 2026 report, leaving the previously-announced (and recently rebooted) Project ETHOS and Ken Levine's Judas as the company's only confirmed new IP in development.

In an earnings call, CEO Strauss Zelnick described GTA 6 pre-orders as "unprecedented" but would not share details ahead of the game's release, saying the figures were "so unprecedented we don't know if it will translate into sales".

The firm described the results as "excellent", saying that they reflected better-than-expected performance from NBA 2K and the Grand Theft Auto series. GTA 5 has now exceeded 230 million units sold, and recurrent consumer spending (RCS) increased 3% for the period.

NBA 2K6 achieved record performance for the franchise, with sales of 12M marking a 9% increase over the previous release, and RCS increasing by 7%.



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