Take-Two (NASDAQ:TTWO) reports sales below analyst estimates in Q3 CY2026 earnings

What happened

Take-Two reported calendar third-quarter 2026 revenue of $1.5 billion, down 23.6% from a year earlier and below analysts’ $1.65 billion estimate. Its forecast of $3.35 billion in revenue for the next quarter was 3.7% below estimates. The company also reported a GAAP loss of $0.29 per share.

Confirmed

Global impact / market context

Lower sales and a weaker next-quarter forecast point to less revenue than analysts expected, while adjusted EBITDA—earnings before interest, taxes, depreciation and amortization—also missed estimates sharply. If these trends persist, they could limit cash available for game development and marketing, and weigh on investors’ expectations for future earnings.

Analyst inference

The results were mixed: GAAP loss per share was smaller than analysts expected, but revenue and adjusted EBITDA fell short. Take-Two slightly raised its full-year revenue forecast to $8.08 billion, yet its EBITDA forecast remained well below analysts’ estimate, leaving profitability expectations a key tension.

Confirmed

What to watch

1. Compare reported revenue with the $3.35 billion next-quarter forecast; a shortfall could signal continued pressure on sales and reduce cash available for publishing and development. Analyst inference
2. Check whether the company’s full-year EBITDA forecast of $1.05 billion changes; EBITDA is earnings before interest, taxes, depreciation and amortization, and indicates operating earnings. Confirmed
3. Watch whether operating performance improves from the reported operating loss; persistent weakness could constrain cash available for spending on game publishing and development. Analyst inference

Evidence

• stockstory.org