Take-Two Interactive Software reports after the market closes on Monday 9 November. Trailing-twelve-month revenue was $6.7 billion, up 15.3% on the year before, but that growth rate has already slowed by 2.9 percentage points from the prior quarter. The report will test whether the deceleration continues.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | −$0.73 | −$0.62 |
| Dec '25 | −$0.50 | −$0.27 |
| Mar '26 | −$0.32 | −$0.52 |
| Jun '26 | −$0.18 | −$0.21 |
What analysts expect from Take TWO Interactive Software
The analysts' average estimate for quarterly EPS is $0.94, in a range from $0.35 to $1.09. For the full year, the analysts' average EPS estimate is $1.72, up 206.0% on last year, based on 28 analysts. That figure has fallen 16.3% over the past 90 days. Of the analysts' recommendations, 27 are positive, 1 neutral and 0 negative.
Company guidance
In its latest earnings release, management set diluted net income per share guidance for the fiscal year ending March 31, 2027 at $0.55 to $0.75. That range sits well below the analysts' average of $1.72. For the three months ending September 30, 2026, guidance is a net loss of $0.75 to $0.84 per share. The company also guided fiscal 2027 net bookings to $8.0 billion to $8.2 billion and total net revenue to $7.9 billion to $8.1 billion.
Earnings surprise model
Our model estimates EPS could land 0.8% below the analysts' average estimate. The estimated chance of an EPS beat is 50.0%, based on the last four quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; this small sample is a reference estimate, not company guidance.
Take TWO Interactive Software's record against estimates
Take-Two reported EPS above the analysts' average estimate in two of the last four quarters. Last quarter, EPS of −$0.18 compared with an estimate of −$0.21, above it by 13.9%.
Growth has slowed
Revenue growth is decelerating. The trailing-twelve-month rate of 15.3% is down 2.9 percentage points from the prior quarter. The trailing operating margin is −2.4%, up 69.7 percentage points from a year earlier, while the trailing net margin remains negative at −4.8%. Over the twelve months, the company made a net loss of $320.4 million. Gross margin sits at 56.0%.
Operating cash flow over the twelve months was $500.2 million, up 394.8% on the year before. Capital spending was $162.7 million, or 2.4% of revenue, leaving free cash flow of $337.5 million, up 83.7%. The free-cash-flow margin is 5.0%, up 6.1 percentage points. The average diluted share count rose 4.5% over the year.
Against its own history, the free-cash-flow margin of 5.0% is higher than 39% of past quarterly readings, which have ranged from −19.4% to 35.5%. The operating margin of −2.4% is higher than 34% of past readings (−77.9% to 21.7%). The twelve-month revenue growth rate of 15.3% is higher than 54% of past readings (−60.2% to 130.9%).
Questions this report will answer
The report will address three questions: whether the slowdown in revenue growth continues, whether results land above or below the analysts' expectations set out above, and whether margins hold at the trailing levels reported.
The value hinges on margins more than growth
In our model, growth 5 percentage points lower would lower the value by 25.3%, and growth 5 percentage points higher would raise it by 32.6%. A free-cash-flow margin 1 percentage point lower would lower it by 15.5%.
